Today’s Currency Exchange Rates - August 23

On Friday, the Indian rupee traded in a narrow range in early trade. It appreciated 5 paise to settle at 83.88 against the greenback.

According to forex traders, the domestic unit received support from declining crude oil prices and a new inflow of foreign funds.

At the interbank foreign exchange market, the Indian rupee opened at 83.93 but lost its gains, trading at 83.88, appreciating 5 paise from the previous close.

Factors such as differentials in interest rates, differentials in inflation, Current Account Deficits, public debt, and Terms of Trade influence currency exchange rates.

Currency Exchange rates

US Dollar - 83.868313

Euro - 93.305790

British Pound - 109.960371

Australian Dollar - 56.365806

Canadian Dollar - 61.685468

Singapore Dollar - 64.114959

Swiss Franc - 98.451606

Malaysian Ringgit - 19.167356

Japanese Yen - 0.575994

Chinese Yuan Renminbi - 11.750785