Today’s Currency Exchange Rates - August 28
The rupee's decline on Wednesday was primarily driven by increased month-end demand for dollars from importers.
The rupee's decline was primarily driven by increased month-end demand for dollars from importers.
On Wednesday, the Indian rupee fell by 2 paise, reaching 83.95 against the US dollar in early trade.
The previous day, Tuesday, saw the rupee depreciate by 5 paise, closing at 83.92 (provisional) against the American currency.
The rupee's decline on Wednesday was primarily driven by increased month-end demand for dollars from importers.
However, the losses were somewhat limited due to easing oil prices and continued intervention by the Reserve Bank of India.
As a result, the local currency depreciated by 3 paise, opening at Rs 83.95, compared to its closing value of Rs 83.92 the day before, according to Bloomberg data.
Currency Exchange rates
US Dollar - 83.954701
Euro - 93.565318
British Pound - 109.960371
Australian Dollar - 56.958805
Canadian Dollar - 62.361283
Singapore Dollar - 64.359301
Swiss Franc - 99.467024
Malaysian Ringgit - 19.320778
Japanese Yen - 0.581063
Chinese Yuan Renminbi - 11.771440
