Indian rupee (INR) is considered one of the most stable currency in Asia. India’s fast growing economy, foreign investment and business relations have strengthened the situation of the rupee. This is the reason that in many countries from Asia to Europe and Africa, the Indian rupee has more value than their local currency. Many countries are unable to handle their currency due to inflation, political instability and weak economy. In such a situation, the Indian rupee looks strong there.

The highest value of Indian rupee is in those countries where the currency is struggling with economic crises. For example, the price of one rupee in Lebanon is 1006.07 Lebanese pounds. Apart from this, the price of 1 rupee in Iran is 474.12 Iranian riyal. In Vietnam, 1 rupee is equivalent to 297.61 Vietnamese Dong. 1 rupee in Laos is equal to about 242.87 Lao Kip. In Indonesia, 1 rupee is equivalent to 187.98 Indonesian rupee. Here the rupee looks strong not only in terms of currency but also in terms of purchase capacity.

Rupee in South America and Africa
Indian rupee is strong not only in Asia but also in South American and African countries. The price of 1 rupee in Paraguay is 79.45 Gurani. Colombia has 1 rupee 43.96 peso. 1 rupee in Nigeria is equivalent to 16.72 Naira. 1 rupee in Iraq is equivalent to 14.69 Dinar. 1 rupee in Argentina is equal to 14.98 peso. These countries are struggling with inflation and political instability, due to which their currency levels have fallen down.

Rupee status in Asia and neighboring countries
Rupee is also strong in the nearest countries of India. In Japan, 1 rupee is equivalent to 1.68 yen. 1 rupee in Pakistan is equal to 3.17 Pakistani rupees. The price of 1 rupee in Nepal is 1.59 Nepali rupees. 1 rupee in Bangladesh is equivalent to 1.37 taka. Here, the currency of neighboring countries proves weak compared to India’s economy.

Value of Rupee in Europe
Indian rupee is strong in some small countries of Europe and also in troubled economies. Although the rupee is weaker than currency like Eur, but the Indian rupee remains strong in front of the currency of small countries.

What does this mean for Indians?
Indian tourists get more value in these countries. Those who study and business there get the benefit of the strength of money. Exports from India to these countries prove to be more profitable for Indian traders.

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