Are you curious about the current exchange rates and want to convert KWD to INR Today Exchange Rate? We can help you if you’re curious about the current exchange rate between Kuwaiti dinar and Indian rupees or need to know how much one KWD is worth in Indian rupees. Are you trying to find the rate of KWD to INR? We’ve got you! To provide you with precise conversion rates.
Table of Contents
KWD to INR Today Exchange Rate
Over the past 30 days, the KWD to INR Today Exchange Rate has seen a high of 276.1690 and a low of 273.9390. This indicates that 275.2038 was the 30-day average. The KWD to INR exchange rate was 0.61.
As of December 19, 2024, one Kuwaiti dinar is worth 274.4 Indian rupees.
Today’s Rate: 1 KWD to INR, December 19, 2024.
- 274.4 INR = 1 KWD
Over the past ninety days, the KWD to INR exchange rate has had a high of 276.1690 and a low of 273.5710. This indicates that 274.6184 was the 90-day average. The KWD to INR exchange rate was 0.93.
Read more: KWD to AED Live Exchange Rate & Currency Converter 2024
History of KWD & INR | KWD to INR Today Exchange Rate
Kuwaiti Dinar, or KWD, and Indian Rupee (INR) definition:
Kuwaiti Dinar, or KWD
The KWD to USD conversion rate is the most often used Kuwaiti Dinar exchange rate, according to our currency rankings. Kuwaiti dinars are denoted by the currency code KWD. KD is the currency symbol.
The Central Bank of Kuwait is the name of Kuwait’s central bank. The Kuwaiti Dinar is the world’s most valuable currency as of March 2013.
The Reserve Bank of India introduced the Persian Gulf Rupee (XPGR) in 1959 for usage in Gulf nations, such as Kuwait. Until then, a variety of foreign coins were in circulation alongside the Indian Rupee. The Kuwaiti Dinar was launched in 1961 at a rate of 13.33 IND to 1 KWD following the country’s independence.
In 1969, the Central Bank of Kuwait was founded to oversee the country’s monetary system. A weighted currency basket served as the basis for the Dinar’s 1975 peg. The value of the Kuwaiti dinar fell after Iraq invaded Kuwait in 1990, and the Iraqi dinar was utilized for a short time. New banknotes were printed and the currency’s value restored to its pre-invasion level when it was resumed in early 1991. The Dinar was fixed to the US dollar from 2003 until 2007.
Indian Rupee (INR)
According to our currency rankings, the INR to USD conversion rate is the most often used Indian Rupee exchange rate. Indian Rupees are denoted by the currency code INR. The sign for the money is ₹.
The Reserve Bank of India is the name of the country’s central bank. The market sets the exchange rate, since the INR is a managed float. Intervention is therefore solely needed to keep exchange rate volatility low.
Around the sixth century BC, India was one of the first countries to issue currencies. Due to the method they were made, the earliest known coins were referred to as “punch-marked” coins. Over the following few centuries, as many empires came and went, India’s currency designs often altered. By the 12th century, a brand-new coin known as Tanka had been created. The introduction of the silver Rupayya, now known as the Rupee, and the establishment of a unified monetary system occurred during the Mughal era.
The pre-colonial Indian nations produced coins that resembled the silver rupee, albeit they differed according to where they were produced.
Read more: KWD to BDT Live Exchange Rate & Currency Converter 2024
British India’s currency
The Rupee-based silver standard system was implemented by British India in 1825 and remained in use until the late 20th century. India never embraced the Pound Sterling despite being a British colony.
The British government took over the management of paper money after financial institutions failed in 1866, and a year later, the presidency banks were abolished. In that same year, Queen Victoria was honored with the issuance of the Victoria Portrait series of notes, which were in circulation for around 50 years.
The Indian Rupee in the Present
India reverted to the characteristic coin design for the contemporary Rupee (INR) after obtaining independence in 1947 and establishing itself as a republic in 1950. Other local coins were taken out of circulation, and the Indian Rupee was made the only currency used in the nation. In 1957, India switched to a decimal system.
The Rs 500 and Rs 1,000 were no longer accepted as legal money in India in 2016. The denominations have been removed to curb illicit currency hoarding and corruption. The Reserve Bank of India started printing Mahatma Gandhi (New) Series banknotes with a 2000 rupee denomination in November of that year.
Conclusion about KWD to INR Today Exchange Rate
In brief, a complicated combination of market factors, international events, and economic data determines the KWD to INR today exchange rate. You have the knowledge and resources necessary to take command now. You’re ready whether you’re transferring money, organizing a trip, or simply wondering about currency changes. Get those pairs of currencies!
