Today’s Currency Exchange Rates - July 31
According to forex traders, the domestic unit slipped due to constant demand for American currency from custodial banks and oil companies.
image for illustrative purpose
On Wednesday, the Indian rupee appreciated to 83.72 against the US dollar in the early trade.
At the interbank foreign exchange, the domestic unit opened at 83.72, 1 paisa higher than the previous day's close.
Forex traders indicated that the increase in Brent crude oil prices balanced out the rupee's appreciation due to the decrease in dollar rates abroad.
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 - 83.735873
Euro - 90.643543
British Pound - 107.548713
Australian Dollar - 54.344545
Canadian Dollar - 60.486179
Singapore Dollar - 62.402367
Swiss Franc - 95.032446
Malaysian Ringgit - 18.168537
Japanese Yen - 0.548829
Chinese Yuan Renminbi - 11.575131
