A viral post claiming that for the ‘first time in 72 years Indian Rupee is weaker than Bangladeshi Taka’ is going viral on social media. Through this article lets fact-check the claim.
Claim: For the first time in 72 years Indian Rupee is weaker than Bangladeshi Taka.
Fact: In the past ten years Indian rupee was never lower than Bangladeshi Taka. As on 24 July 2020, one Indian Rupee is equal to 1.13 Taka. Hence the claim made in the post is FALSE.
When we ran a google search using the key words ‘Indian Rupee to Bangladeshi Taka’ we found that as of 24 July 2020, 1 Indian Rupee is equal to 1.13 Taka which can be seen here. Also, when we applied a filter for the google result so as to see the graph of the exchange rate for the last one year, we found that though the exchange rate fell from 1.22 on 24 July 2019, to 1.13 on 24 July 2020, Indian Rupee never fell below Bangladeshi Taka in the last one year.
XE.com, a Canada-based online foreign exchange tools and services company, also a subsidiary of Euronet Worldwide provides information about exchange rates. According to the information provided on the website as on 24 July 2020, 1 Indian rupee is equal to 1.13 Bangladeshi Taka which can be seen here. Also, according to the website in the last ten years, Indian Rupee never fell below Bangladeshi Taka which can also be seen here. In the last ten years, the highest exchange rate is 1.73457 (1₹ = 1.7345 Taka), whereas the lowest is 1.09587 (1₹ = 1.09587 Taka).
To sum it up, Indian Rupee did not become weaker than Bangladeshi Taka.
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