Today’s Currency Exchange Rates - August 16
Factors such as differentials in interest rates, inflation, Current Account Deficits, public debt, and Terms of Trade influence currency exchange rates.
Indian rupee trades flat against US dollar.
On Friday, the Indian rupee turned flat at 83.94 against the US dollar after almost hitting Rs 84 the day before.
According to forex traders, the rupee traded flat amidst concerns over high crude oil prices and outflow of capital investment from domestic equity markets.
The rupee received support due to strong domestic and global equity markets and weak American currency.
Forex traders also noted that a positive sentiment in both domestic and global stock markets, along with a declining US dollar, supported the domestic unit.
Factors such as differentials in interest rates, differentials in inflation, Current Account Deficits, public debt, and Terms of Trade influence currency exchange rates.
Navigating the complexities of international finance requires staying updated with the latest currency exchange rates. As of today, here are the most recent exchange rates for major currencies against the Indian rupee.
As of today, here are the most recent exchange rates for major currencies against the Indian rupee.
Currency Exchange rates
US Dollar - 83.962816
Euro - 92.223447
British Pound - 108.129933
Australian Dollar - 55.689568
Canadian Dollar - 61.179579
Singapore Dollar - 63.597908
Swiss Franc - 96.360741
Malaysian Ringgit - 18.914593
Japanese Yen - 0.563552
Chinese Yuan Renminbi - 11.706797
