(a) whether the purchasing power of Indian rupee has constantly
decreased during the last few years ;
(b) if so, the average value of rupee between 1991-92 and year
1999-2000 on the basis of the value of rupee in the year 1980-81;
(c) whether there has been considerable difference in the exchange
rate of rupee against the currencies of various countries of the
world; and
(d) if so, the details thereof for the period 1999-2000, country-wise?
FINANCE MINISTER (SHRI YASHWANT SINHA)
(a), (b) , (c) & (d) A Statement is laid on the Table of the House.
Statement in reply of Lok Sabha Starred Question No.83 on Purchasing
Power of rupee for July 28, 2000
(a) & (b) The purchasing power of the rupee when measured by the reciprocal
of the Consumer Price Index for industrial workers declines as the index
increases.
The average value of the rupee between 1991-92 and 1999-2000 with
base 1980-81 was: 36.99
Value of Rupee(in paise)
1992-93 33.75 1993-94 31.40 1994-95 28.52 1995-96 25.88 1996-97 23.68 1997-98 22.13 1998-99 19.57 1999-00 18.93
Exchange rate of the rupee (Rs./foreign currency)
Period US $ official Pound St. Dmark Yen Average Rs./$ Rs/ Pound Rs./DM Rs./Yen
Apr.99 42.73 68.76 23.37 0.357 Jul.99 43.58 68.13 22.73 0.362 Oct.99 43.45 72.00 23.83 0.410 Jan.2000 43.55 71.43 22.42 0.415 Mar.2000 43.59 68.93 21.54 0.409