Prime Minister Narendra Modi has reached Argentina, the third country of his 5 countries. The Prime Minister arrived in Argentina today after a visit to Trinidad and Tobago, where the Indian community welcomed the traditional customs at the Alvier Palace of Buenos Aires. PM Modi’s visit to Argentina is very important keeping in mind the bilateral trade between the two countries. But do you know that the country in which PM is still. What is the status of the currency there. 1000 rupees of India in Argentina, how many rupees are equal to the currency there.
Argentina is a country in South America. This is the first visit of an Indian Prime Minister after 1968. Earlier, the country’s first woman PM Indira Gandhi went on a visit to Argentina. Argentina is also an essential country for India in terms of trade. Bilateral trade between the two countries has crossed the $ 2 billion mark this year. The currency here is Argentina Peso.
How many rupees in India’s 1000 rupees in Argentina?
Argentina’s currency is Argentina Peso. Currently, the value of 1 peso is 0.069 in Indian rupees. This simply means that the value of the Indian rupee is more than the pace of Argentina. The value of peso is 14520.25 compared to 1,000 Indian currency.
Trade between India and Argentina
According to data from the Ministry of External Affairs, bilateral trade between India and Argentina grew more than double in three years from 2019 to 2022, which reached the summit of US $ 6.4 billion in 2022. India was the fourth largest trading partner in Argentina in 2021 and 2022. Argentina is the main supplier of edible oil, especially soybean oil, for India. However, in 2023, bilateral trade fell by 39% due to a severe drought in Argentina and came to US $ 3.9 billion.
In 2024, business with better weather and stable economy under the new government again gained momentum, which increased by 33% to US $ 5.2 billion. In the early months of 2025, bilateral trade between the two countries recorded an increase of 53.9%, with the price of trade to US $ 2,055.14 million. India remains the fourth largest business partner and export destination in Argentina.