![]() ![]() In the beginning rate at 82.25 Indian Rupees. The USD to INR forecast at the end of the month 82.25, change for February 1.4. While inflation is likely to remain elevated in the near term, we think the MPC may acknowledge that price pressures have peaked, and note the favourable tailwinds by reducing its inflation forecasts, albeit marginally. In the beginning rate at 81.10 Indian Rupees. Get USD to Indian Rupee money transfer instantly with DBS Treasures at competitive conversion rates for NRIs staying across USA. While declining international commodity prices is offering some reprieve, we think elevated inflation rates will continue to warrant some caution for the policy outlook. ![]() In a note, Rahul Bajoria, MD & Chief India Economist, Barclays, said: “We expect the MPC to vote unanimously for a 35 bps hike in policy rate next week. On Monday, foreign institutional investors were net buyers in the capital market, purchasing shares worth ₹2,320.61 crore, as per exchange data.Īnalysts say that this week's focus will be the Reserve Bank of India policy statement due on Friday. Traders will also be watching the outcome of OPEC+ meeting, which comes after President Joe Biden urged Saudi Arabia to pump more on a visit to the kingdom last month.ĭomestic equity markets were weak today with BSE Sensex and Nifty down about 0.5% each. Dollar / Indian Rupee Historical Reference Rates from Bank of England for 2005 to 2022 September - 2022 5. Crude oil weakness also helped the markets to remain positive for rupee, said Jateen Trivedi, VP Research Analyst at LKP Securities.īrent crude futures fell 77 cents, or 0.8%, to $99.26 a barrel amid concerns over global recession. This is the US Dollar (USD) to Indian Rupee (INR) exchange rate history summary page, detailing 180 days of USD INR historical data from Wednesday to Saturday. The Indian finance ministry on Monday 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.Indian rupee has pulled back from recent lows as FII inflows continued in domestic capital markets and broad weakness in US dollar. On the macroeconomic front, retail inflation accelerated to seven per cent in August driven by high food and fuel costs, while factory output plunged to a four-month low of 2.4 per cent. Similarly, the broader NSE Nifty rose 93.25 points or 0.52 per cent to 18,029.60.įoreign Institutional Investors (FIIs) were net buyers in the capital markets, as they purchased shares worth ₹20.49 billion on Monday, according to provisional data. In the Indian equity market, the 30-share BSE Sensex was trading 292.69 points or 0.49 per cent up at 60,407.82. Brent crude futures, the global oil benchmark, fell 0.21 per cent to $93.80 per barrel. Historical Exchange Rates For United States Dollar to Indian Rupee Quick Conversions from United States Dollar to Indian Rupee : 1 USD 79.218734 INR. ![]() The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 108.20. Indian Rupee The Indian rupee changed hands around 79.5 per USD in mid-September, remaining close to record low levels of 80.2 touched in July, as an aggressive monetary tightening by the Fed prompted a dollar strenght. currency on Tuesday after oil prices scaled to a one-month high and as the dollar index retreated. On Monday, the rupee rose 4 paise to close at 79.53 against the American currency. The Indian rupee is tipped to open flat to the U.S. ![]()
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