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Exchange rates for the Deutsche Mark in India / DEM 1 = INR ... (buying) / up to the end of 1998

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  1. Exchange rates, euro foreign exchange reference rates, gold prices
  2. Exchange rates in individual countries
  3. End of month
  4. DEM Deutsche Mark (historical)
  5. INR Indian rupee (India)
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.M.INR.DEM.CA.AA.A01
Unit INR
Dimension one
Timespan from 1960-07 to 1998-12
Last update 20.09.2023 02:44:47 PM
   
General With effect from 1 March 1992, a multiple exchange rate system was introduced. Exchange rate application from 1 March 1992 to 28 February 1993: Official exchange rate: for 40% of income from exports, services (including travel and investment income) and transfers (including pensions and benefit payments) as well as for payments for the import of certain goods (including petroleum products and fertilisers). Free market rate (see commentary on value): for the remaining 60% of the income listed above as well as for all other transactions. The multiple exchange rate system was unified on 1 March 1993. Listed against the euro as of January 1999, see BBEX3:M:INR:EUR:CA:AA:A01 (exchange rates in India) and as of January 2000 BBEX3:M:INR:EUR:BB:AC:A01 (euro foreign exchange reference rates of the European Central Bank).
Methodology The exchange rates specified for the period from July 1960 to July 1993 were converted using the direct quotation method.
Source 1976 - 1998: State Bank of India, Frankfurt am Main. 1974 - 1975: Reserve Bank of India and State Bank of India, Frankfurt am Main. 1960 - 1973: Reserve Bank of India.
   
Comment on 1993-02 Free market rate: DEM 1 = INR 20.2122.
Comment on 1993-01 Free market rate: DEM 1 = INR 19.7824.
Comment on 1992-12 Free market rate: DEM 1 = INR 18.9753.
Comment on 1992-11 Free market rate: DEM 1 = INR 18.7529.
Comment on 1992-10 Free market rate: DEM 1 = INR 19.4837.
Comment on 1992-09 Free market rate: DEM 1 = INR 20.5656.
Comment on 1992-08 Free market rate: DEM 1 = INR 21.3789.
Comment on 1992-07 Free market rate: DEM 1 = INR 20.3874.
Comment on 1992-06 Free market rate: DEM 1 = INR 19.8216.
Comment on 1992-05 Free market rate: DEM 1 = INR 19.0204.
Comment on 1992-04 Free market rate: DEM 1 = INR 18.4417.
Comment on 1992-03 Free market rate: DEM 1 = INR 18.8058.
Comment on 1991-07 On 1 and on 3 July 1991, the Indian rupee was devalued in two steps. We recorded the following exchange rates (buying/selling rate using the indirect quotation method): 28 June 1991: INR 100 = DEM 8.5700 / 8.4950 1 July 1991: INR 100 = DEM 7.8850 / 7.8150 3 July 1991: INR 100 = DEM 7.0900 / 7.0275 On the basis of the exchange rates on 28 June and 3 July 1991, the Indian rupee depreciated by 17.3%.
Comment on 1971-09 Exchange rate as of 1 October 1971.
Comment on 1969-09 Exchange rate as of 16 September 1969.
Comment on 1966-06 On 6 June 1966, the Indian rupee was devalued by 36.5%.
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