Today’s Currency Exchange Rates - September 05
The domestic unit was supported by the weakening US dollar.
On Wednesday, the Indian rupee opened positively in early trade. It appreciated 4 paise to 83.97 against the US dollar.
According to forex traders, the domestic unit was supported by the weakening US dollar and positive trends in Indian equities.
At the interbank foreign exchange market, the Indian rupee opened at 83.98, appreciating 4 paise from its previous close.
On Tuesday, the domestic unit settled at 84.01 against the greenback.
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 - 83.970866
Euro - 93.016275
British Pound - 110.400524
Australian Dollar - 56.450931
Canadian Dollar - 62.151799
Singapore Dollar - 64.461878
Swiss Franc - 99.199295