The Finance Ministry had attributed the rise in inflation to base effect and increase in food and fuel prices, and stressed that initiatives taken by the government to curb price rise will be felt more significantly in the coming months. Example: convert 15 United States Dollar to Indian Rupee: 15 United States Dollar 15 × 79.493597 Indian Rupee 1192.403955 Indian Rupee. Until 1971, when India launched its 5 Year Plan following Independence, the Indian Rupee was pegged to the US dollar at 7.5 rupees per dollar. 1 Indian Rupee 0.0125796295 United States Dollar. To tame inflation within the central bank's band, the Reserve Bank of India (RBI) has so far in this fiscal year raised repo rate by 140 basis points, but still it did not helped to keep inflation in their control and remained above upper tolerance band. 1 United States Dollar 79.493597 Indian Rupee. The government has mandated the central bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 2026. The silver dollar has two nicknames, the Ferris. On the domestic macroeconomic front, Consumer Price Index (CPI), spiked to 7.00 per cent in August, up from 6.71 per cent in July, due to uptick in food prices.Īs the CPI hit the 7 per cent mark, it remained above the central bank's upper tolerance band of 6 per cent for the straight eighth month. The currency code for the United States dollar is USD, and the symbol is. In the domestic equity market, Sensex was trading 470.64 points or 0.78 per cent higher at 60,585.77, and Nifty were 137.95 points or 0.77 per cent higher at 18,074.30. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.26 per cent to 107.782. Along with lower expected data of US CPI to come out later in evening expected at 8.1 per cent compared to 8.5 per cent giving negative rally to dollar as lower inflation data would add less pressure on FED's to hike rate by 0.75 bps and go with 0.50 or even 0.25 in case CPI comes even lower than expectations," said Jateen Trivedi, VP Research Analyst at LKP Securities. Here you can convert US Dollar to Pakistan Rupee and also convet your currency in Pakistan Rupee. "Rupee appreciated on back of weak dollar and inline CPI data for India which gave a positive impact for the rupee. US Dollar (USD) exchange rates with Pakistan Rupee (PKR). The rupee remained at over 1 month high with this fall.Īt the Interbank foreign exchange market, the rupee was trading at 79.12 against the US dollar, as compared to 79.52 close on the previous trading session. Therefore, Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.The Indian rupee appreciated 40 paise to 79.12 against the US dollar during early trade on Tuesday following a decline in dollar and inflows from foreign investors, dealers said. All CFDs (stocks, indexes, futures) and Forex and cryptocurrency prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. USD/INR prints mild gains around 79.70 while consolidating the two-day losses during the initial Indian trading session on Thursday. Cryptocurrencies are not suitable for all investors. USD/INR Price News: Indian rupee slides below 80.00 with eyes on Fed’s Powell. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading or investing in cryptocurrencies carries with its potential risks. Currency trading on margin involves high risk and is not suitable for all investors. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals.
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