Today’s Currency Exchange Rates - July 18

During early trading on Thursday, the rupee was trading in a narrow range against the US dollar, following a negative trend in local stock markets and high crude oil prices.

According to forex traders, the USD/INR pair is expected to stay within a certain range due to equal dollar demand from foreign investors and oil companies, and supply from the Reserve Bank of India (RBI).

At the interbank foreign exchange market, the domestic currency traded in a narrow range. It started at 83.57 against the US dollar and reached 83.55 during the first trading session, marking a 3 paise increase from its last closing value.

As the dollar weakens and other currencies, such as the Chinese yuan and Japanese yen appreciate, experts predict that the Rupee needs to gain momentum

Check the latest currency exchange rates here: