Traders from India get more Nepalese currency for one Indian Rupee, so traders from India are eager to do business with Nepal. The amount of Indian notes used in Nepal can be gauged from the fact that when India did demonetisation in 2016, Indian notes worth Rs 9.48 billion were in circulation there. With the help of one rupee from India, Nepal can be bought for 1.60 rupees. Let us now know in detail in which countries the Indian Rupee is accepted and why? Currency transactions in these countries are mainly done in the areas bordering these countries and their districts. legal currency, but India's neighboring countries have accepted it only because of mutual understanding. It is important to mention in this article that in the countries given below, except Zimbabwe, no other country has given India's currency the status of 'legal tender' i.e. It is important to mention here that when a currency becomes an "international trading currency", the biggest root cause behind that is the country's 'exports', not 'imports'. Indian currency is accepted as currency in these countries as India exports a large quantity of goods to these countries.
Although the Indian Rupee is accepted as the legal currency in Zimbabwe. The Indian Rupee is accepted informally in parts of Nepal, Bhutan, Bangladesh and Maldives.
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