By Shyamu Maurya

Copyright informalnewz

The Indian rupee is widely accepted in more than 20 countries around the world. Find out how strong one rupee is against the currencies of other countries and where the rupee holds its highest value.

Indian Rupee Strong Value: The Indian Rupee (INR) is considered one of Asia’s most stable currencies. India’s rapidly growing economy, foreign investment, and trade relations have strengthened its position. This is why the Indian Rupee holds a much higher value than its local currency in many countries, from Asia to Europe and Africa. Many countries struggle to maintain their currencies due to inflation, political instability, and weak economies. Consequently, the Indian Rupee appears strong there.

The Indian Rupee’s highest value is in countries facing economic crises. For example, in Lebanon, one Rupee is worth 1006.07 Lebanese Pounds. Furthermore, in Iran, one Rupee is worth 474.12 Iranian Rials. In Vietnam, one Rupee is equal to 297.61 Vietnamese Dong. In Laos, one Rupee is approximately 242.87 Lao Kip. In Indonesia, one Rupee is equal to 187.98 Indonesian Rupiah. Here the rupee appears strong not only as a currency but also in terms of purchasing power.

The Rupee’s Strength in South America and Africa

The Indian Rupee is strong not only in Asia but also in South American and African countries. In Paraguay, 1 Rupee is worth 79.45 Guaranis. In Colombia, 1 Rupee is worth 43.96 Pesos. In Nigeria, 1 Rupee is equal to 16.72 Naira. In Iraq, 1 Rupee is equal to 14.69 Dinars. In Argentina, 1 Rupee is equal to 14.98 Pesos. These countries are grappling with inflation and political instability, which has caused their currency values ​​to decline.

The Rupee’s Position in Asia and Neighboring Countries

The Rupee is also strong in countries close to India. In Japan, 1 Rupee is equal to 1.68 Yen. In Pakistan, 1 Rupee is equal to 3.17 Pakistani Rupees. In Nepal, 1 Rupee is worth 1.59 Nepalese Rupees. In Bangladesh, 1 Rupee is equal to 1.37 Taka. Here, the currencies of neighboring countries prove to be weak compared to India’s economy.

The Value of the Rupee in Europe

The Indian Rupee is also strong in some smaller European countries and struggling economies. Although the Rupee is weak against currencies like the Euro (EUR), it remains strong against the currencies of smaller countries.

What does this mean for Indians?

Indian tourists find greater value in these countries. Those studying and doing business there benefit from the rupee’s strength. Indian exports to these countries prove more profitable for Indian businesses.