1 RUB to INR: Russian Ruble to Indian Rupee Calculator

Currency conversion is the foundation of the global financial system given the current condition of global trade and cross-cultural interaction. Likewise, the rubles-to-rupee conversion is important for trade as, currently, the ruble is cheaper than the Indian rupee.

Since local economies are so susceptible to even the slightest shift in world affairs, currency conversion frequently significantly impacts the standard of living for a particular population. The currency exchange rate is one of the most significant drivers of a country’s relative degree of economic health, along with variables like interest rates and inflation. Every global market economy depends on trade, which is significantly influenced by exchange rates.

Overview Of Russian Ruble (RUB)

The official currency of the Russian Federation is the Ruble, denoted by the symbol ₽, a three Cyrillic characters py6, which translates to RUB in Russian. The ruble, which follows the sterling pound as the second-oldest currency, was first used in the 14th century. It was the first European currency decimalised in 1704 when one ruble was equal to one hundred kopeks. At the end of World War I, a state-owned plant in Moscow started printing Russian ruble notes. Coins were produced at the Moscow Mint and St. Petersburg Mint. 

Considering that Russia is one of the leading exporters of oil and natural gas, the ruble’s value tends to fluctuate with international oil prices.

History of Russian Ruble (RUB)

The ruble’s history began in 1704 when Peter the Great regulated the coin’s weight to 28 grams of silver. On December 17, 1885, a new standard emerged, preserving the silver ruble unaltered but decreasing the gold value to 1,161 grams. Subsequently, under the reign of Nicholas I, banknotes were designated as a basis for payments, and the silver ruble was established as a unit of currency and the primary means of exchange.

The ruble’s value was steady until 1971 despite innovations, reforms, and failures. In 1991, as the Soviet Union disintegrated, a new currency design was introduced for Russia. The Central Bank of the Soviet Union released new banknotes and coins into circulation. In addition, the Bank of Russia released notes for 5,000 and 10,000 Russian rubles. In 1993, a new reform was implemented, accompanied by new notes, to end the use of Soviet-era notes.

Russian Ruble Profile

Overview of Indian Rupee (INR)

The national currency of India is the rupee, which has the ISO code INR and is denoted by the symbol ₹. Its regulation is under the control of the Reserve Bank of India (RBI), the country’s central bank. The term “rupiya” of the Indian rupee derives from a silver coin first produced in the 16th century.

India’s economy used to run on cash, which led to the proliferation of fake money by individuals engaged in illegal activity. The RBI was obligated to modify and add new security elements to INR notes over the years. The most commonly faked bills are typically those with high denominations. The Indian government announced the demonetisation of all 500 and 1,000 rupee Mahatma Gandhi series notes in 2016.

History of Indian Rupee (INR)

A standard coinage was largely facilitated in India by the Coinage Act of 1835. Since the British had a significant impact on India since 1830, the William IV effigy was printed on the original side of the new coins, while the denomination was in Persian and English on the reverse. 

Coins produced after 1840, on the other hand, featured a portrait of Queen Victoria. The first coin to be produced for the Crown was authorised in 1862. The Coinage Act of India, which was passed in 1906 and is still in effect today, governs the creation of mints and the production of coins. The rupiya was originally a silver coin. However, the value of India’s national currency decreased due to the devaluation of silver relative to gold. 

Quaternary Silver Alloy replaced the standard rupee due to the circumstances of World War II. In 1947, pure nickel coins were introduced to replace the 1940-era coinage. But until India’s constitution was adopted on January 26, 1950, the current currency stayed locked. India adopted a decimal currency system in 1957 when 100 paise equalled one rupee.

In recent actions in 2016, the government decided to demonetise the 500 and 1,000 INR notes. The main aim was to suppress the black market and make it increasingly harder to utilise illegal and counterfeit money to fund crime and terrorism. After the decision, the RBI announced the issuance of fresh notes in a new Mahatma Gandhi series with denominations of 500 and 2,000 INR.

Indian Rupee Profile

RUB to INR Forecast

Trend of RUB to INR Currency Exchange Rate [January 2022]

Trend of RUB to INR Currency Exchange Rate [December 2021]

Trend of RUB to INR Currency Exchange Rate [November 2021]

Trend of RUB to INR Currency Exchange Rate [October 2021]

Trend of RUB to INR Currency Exchange Rate [September 2021]

Trend of RUB to INR Currency Exchange Rate [August 2021]

RUB To INR Forecast for 2022-23

Convert RUB to INR

Before beginning with the Russian ruble to INR conversion, you need to understand the relation between the two. The relation between the two can be expressed as follows:

1 Rubble to INR = 0.97, and

1 INR to Rubble = 1.03 

Note: We have considered the RUB to INR live rate of 21st Feb 2022.  

Converting RUB to INR is seamless as all you have to do is perform a simple multiplication. Just multiply the RUB value with 0.97 and you will receive the converted value in INR.

The formula for converting rubles to rupees can be expressed as follows:

INR = value of RUB x 0.97

We can use this formula to convert RUB in INR. Let us understand the process better with the help of a few examples. 

Example 1: Convert 1000 Russian Ruble to INR

Sol: Putting the value of RUB in the above formula, we will get-

INR = 1000 x 0.97 = 968.67

Hence, 1000 RUB will be equivalent to 968.67 INR

Example 2: Convert 8000 Rubles to Rupees

Sol: Putting the value of RUB in the above formula, we will get-

INR = 8000 x 0.97 = 7749.37

Hence, 8000 RUB will be equivalent to 7749.37 INR

Example 3: Convert 2500 Russian Ruble to INR

Sol: Putting the value of RUB in the above formula, we will get-

INR = 2500 x 0.97 = 2421.68

Hence, 2500 RUB will be equivalent to 2421.68 INR

Example 4: Convert 1500 Rubles to Rupees

Sol: Putting the value of RUB in the above formula, we will get-

INR = 1500 x 0.97 = 1453.01

Hence, 1500 RUB will be equivalent to 1453.01 INR

Example 5: Convert 4000 RUB to INR

Sol: Putting the value of RUB in the above formula, we will get-

INR = 4000 x 0.97 = 3874.68

Hence, 4000 RUB will be equivalent to 3874.68 INR

Example 6: Convert 15000 Russian Ruble to INR

Sol: Putting the value of RUB in the above formula, we will get-

INR = 15000 x 0.97 = 14530.06

Hence, 15000 RUB will be equivalent to 14530.06 INR

Don’t Miss it!

Example 7: Convert 5000 Rubles to Rupees

Sol: Putting the value of RUB in the above formula, we will get-

INR = 5000 x 0.97 = 4843.35

Hence, 5000 RUB will be equivalent to 4843.35 INR

Example 8: Convert 3000 RUB to INR

Sol: Putting the value of RUB in the above formula, we will get-

INR = 3000 x 0.97 = 2906.01

Hence, 3000 RUB will be equivalent to 2906.01 INR

RUB Vs INR

RUB to INR Conversion Chart

Refer to the following RUB to INR conversion chart to access convert valued within fractions of seconds:

FAQ’s about Convert RUB to INR