What happens if 1 rupee = 45 dollars

Great news guys. Our George has got admission in the Manasa Gangothri College in Mysore with scholarship for B.A History. A great new field yaar... All are excited...B.A in Histroy...ohh. ..man, enjoy your life there?
George : Yeah. Got the UGC scholarship That will be 1200 Rupees per Year.
s/w engg 1 : Great. Enjoy.
s/w engg 2 : (Thinking loud): 1200 Indian Rupees...! That means 1200 * 45 = 54000 Dollars... with that amount I can buy an three bed-room flat & a Mercedes here...!!!.. More...