Today’s Currency Exchange Rates - August 29
At the interbank foreign exchange market, the Indian rupee opened at 83.92.
Modern composition of indian rupees. (Image Source: frepik)
On Thursday, the Indian rupee opened positively in early trade. It appreciated 9 paise to 83.88 against the greenback.
According to forex traders, the domestic unit received support from weakness in the US dollar in the overseas market and a positive trend in domestic markets.
At the interbank foreign exchange market, the Indian rupee opened at 83.92 but lost its gains, trading at 83.88, appreciating 9 paise from its 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 - 83.904188
Euro - 93.436772
British Pound - 110.869979
Australian Dollar - 57.084043
Canadian Dollar - 62.332082
Singapore Dollar - 64.477880
Swiss Franc - 99.835055
Malaysian Ringgit - 19.392071
Japanese Yen - 0.579647
Chinese Yuan Renminbi - 11.790086
