History of forex market in india
In 1990, forex reserve covered just 4.8 weeks of imports; Foreign exchange reserves of India reached milestone of $100 billion mark only in 2004. India was forced to sell dollars to the extent of close to U$35 billion in the spot markets in Financial Year 2009 due to 22% depreciation in rupee (against the dollar) in the same fiscal year 2009. Historical Exchange Rates Tool & Forex History Data | OFX