![]() ThePrint holds no responsibility for its content. At the interbank foreign exchange, the rupee opened at 79.84 against the dollar and touched 79.82 in initial deals, registering a gain of 5 paise over the last. This report is auto-generated from PTI news service. USDINR spot price likely to trade in a range of Rs 79 to Rs 80.30 in. On the domestic equity market front, the BSE Sensex ended 659.31 points or 1.12 per cent higher at 59,688.22, while the broader NSE Nifty gained 174.35 points or 0.99 per cent to 17,798.75.įoreign institutional investors (FIIs) remained net buyers in the capital markets as they purchased shares worth Rs 2,913.09 crore on Thursday, according to provisional data. Moneygram, 78,892.35 INR-263.29 INR Remitly, 78,792.35 INR-363.29 INR Wise, 78,494.84 INR-660.80 INR Xoom, 78,180.25 INR-975.39 INR WorldRemit, 77,969.23. Rupee likely to appreciate on Tuesday amid softness in dollar index, rise in risk tolerance in equity markets, FII inflows. The dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.11 per cent to 109.72.īrent crude futures, the global oil benchmark, fell 0.60 per cent to USD 87.47 per barrel. Some support in the form of falling crude oil prices which could help check inflation, but demand for the dollar from refiners and importers buying the dip capped gains in the local unit.Īdditionally, Asian and emerging market peers were mixed, as investors turned cautious ahead of events this Thursday. “The Indian Rupee appreciated on Thursday as the dollar eased ahead of ECB meet and the US Fed Chair Jerome Powell speech,” said Sriram Iyer, Senior Research Analyst at Reliance Securities. However, Spanish dollars continued to circulate and 1845 saw the introduction of coinage for the Straits Settlements using a system of 100 cents 1 dollar. Historical Exchange Rates For United States Dollar to Indian Rupee Quick Conversions from United States Dollar to Indian Rupee : 1 USD 79.416072 INR. “Therefore, we could see more range bound and low volatility price action over the near term,” Banerjee said. Q: What is 50 Dollars in Rupees A: 50 Dollars buys 3982.805 Rupees at interbank exchange rates. The dollar declined by more than 1 per cent on a sharp bounce amid an unprecedented 75 bps rate hike by ECB to 1.25 per cent, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.Global backdrop is conducive for USD strength but that would play out by way of limiting the gains in rupee, rather than pushing it below 80 against USD, Banerjee said. Below you can see the chart for the Rupee rate today compared to the Dollar. A: One Dollar is worth 79.6561 Rupees today Q: Is the Dollar going up or down against the Rupee A: Today's exchange rate (79.6561) is lower compared to yesterday's rate (79.6589). The rupee appreciated on positive domestic equities and a weak US dollar. ![]() ![]() The dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.98 per cent to 108.63.īrent crude futures, the global oil benchmark, advanced 1.72 per cent to USD 90.68 per barrel. Here it is believed that 1 Pound was equal to 13.37 Rupees during 1947, and that’s why the value of USD should be INR 4.16 in 1947. Spot USDINR is expected to trade in the range of 79.20 to 80 in the near-term. Another argument is that before 1947, India was a British ruled state, so the value of INR was higher because value of pound was higher. Moreover, strength in domestic equities backed by foreign fund inflows, stronger high-frequency data and long unwinding in the dollar supported the local unit. The verbal interventions from Japanese officials and hawkish commentary from ECB officials dragged the dollar lower," Parmar said. Get the latest United States Dollar to Indian rupee (USD / INR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and. ![]() ![]() "The ICE dollar index, a basket of the six currencies, fell more than a percentage point and is on track for its biggest daily drop in about a month. According to Dilip Parmar, Research Analyst, in line with the stronger regional currencies following the broad-based weakness in the greenback, the rupee opened higher and managed to clock the second weekly gains. ![]()
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