The Forex market usually uses the US dollar as the benchmark.Īs of 23 December 2021, the value of the rupee against the dollar is Rs.75.31. Over the years, Congress introduced various forms of paper money. The decimal currency was created by the Coinage Act of 1792. TABLE 140 : EXCHANGE RATE OF THE INDIAN RUPEE VIS-VIS THE SDR. USD to INR FORECAST for tomorrow, this week and month. More details on current USD to INR below. Foreign exchange traders often refer to the currency as the greenback. Current USD to INR exchange rate equals 78.1720 Rupees per 1 US Dollar. Countries such as Ecuador and Panama use the dollar as their legal tender. The US dollar is the sole currency of the United States of America, Turks and Caicos Islands, and the British Virgin Islands. As of 9th May 2022, Indian Rupee trades at 77.41 against the US dollar, hitting an all-time low. The Sensex tumbled 709.54 points or 1. The equity markets, too, resumed decline after a two-session breather. This is sometimes called a 'managed float'. The rupee slumped to a fresh all-time low of 78.39 against the US dollar on Wednesday as risk appetite diminished further ahead of US Federal Reserve Chair Jerome Powell’s Congressional testimony scheduled after Indian market hours. It is also the world’s most converted currency. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate. The US dollar is the primary reserve currency in the world as it is the main currency used in international transactions. 1000 mills or 100 cents is equal to one dollar. The United States (US) dollar is the official currency of the United States of America. We accept no liability for any loss arising from the use of the data contained on this website. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise.
On the domestic equity market front, the 30-share Sensex ended 1,491.06 points or 2.74% lower at 52,842.75, while the broader NSE Nifty plunged 382.20 points or 2.35% to 15,863.15.*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Dollar Spot Exchange Rate (DEXINUS) from to about India, exchange rate.: 78.
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Global oil benchmark Brent crude futures jumped 6.55% to $125.85 per barrel. Graph and download economic data for Indian Rupees to U.S. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.46% higher at 99.09. Sachdeva, the overall trend for the Indian rupee is skewed towards the downside and “a convincing close below the 77 mark would pave the way for further downside towards 77.50 mark in near term, while we envisage the local currency to test the 79 mark from a medium-term perspective”.
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dollar,” said Sugandha Sachdeva, Vice President – Commodity and Currency Research, Religare Broking Ltd.īesides, the parabolic rise in crude oil prices towards multi-year highs and spiralling commodity prices are fuelling inflationary risks, which is a key headwind for the rupee-dollar exchange rate, Sachdeva added.Īccording to Mr. XE’s free live currency conversion chart for Indian Rupee to US Dollar allows you to pair exchange rate history for up to 10 years. dollar as the deepening Russia-Ukraine conflict has sapped risk appetite in the market while prompting safe-haven flows into the U.S. “The Indian rupee has plummeted to a lifetime low against the U.S.
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