The daily revision of these exchange rates will be listed in the financial sections of newspapers. Though in some exchanges, rates are fixed by an agreement, most of them fluctuate daily. Governments of the respective countries can impose controls on exchange rates as well as certain limitations on the currencies. Every nation determines its exchange rate regime which will apply to its respective currency.įor instance, a country's currency may be floating, fixed or hybrid. The exchange rate also stands as the value of one nation's currency in relation to another country's currency. The Exchange rate refers to the rate at which one country's currency will be exchanged for another country's currency. Those looking to send and receive money from abroad can use our Indian rupee vs other currencies converter. Currency markets are extremely volatile in nature and investors should avoid directly trading in them unless they have the expertise. This is a good sign, though one can never predict how long the strength of the Indian rupee will continue.
The Indian currency tends to gain against other world currencies when the fundamentals, particularly the trade deficit and the current account deficit improved. – Trade with other countries in that currency List of Few World Currencies where Indian Currency is StrongerĨ.This is because we are increasingly seeing India's economic fundamentals fast improving. – Central Bank’s Interest Rate (In India, it is RBI’s interest Rates) For example, an interbank exchange rate of 49.90 INR to the New Zealand Dollar means that ₹49.90 will be exchanged for each 1 NZ$ or that 1 NZ$ will be exchanged for each ₹49.90. Source: xe.com (Rates as on 18th Dec 2022)Ĭurrency exchange rate is the value of one country’s currency with respect to other currency or the rate at which one currency will be exchanged for another. Asian Currencies vs Indian Currency Exchange Rate Country
There may be variance in rates and prices. So, we have compiled a list of all major currencies and compared them with the current currency exchange rate in India.ĭ isclaimer: The currency rates are sourced from Xe.com, Google and BookMyForex rate Chart. As it will help you in making a wise decision when you want to buy or sell Indian Rupees. So, it is extremely important for a regular traveller outside India or if you are a Non-Resident Indian (NRI) to compare the currency rate in India with other world currencies. In the last few quarters, Indian Rupee has lost value against the likes of USD but has also gained against other currencies.
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