Today’s Currency Exchange Rates - August 23
According to forex traders, the domestic unit received support from declining crude oil prices and a new inflow of foreign funds.
Indian currency against US dollar.
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
