![]() ![]() "In our view, the Fed will prefer to leave the door open to more tightening on paper," ING added. banking sector have all but encouraged a pause after this one last rate hike, and markets have fully priced out any extra bits of tightening beyond May," ING analysts said in a note. central bank will most likely raise rates by 25 basis points (bps), futures indicate that the probability of a pause has inched up slightly. Convert INR to USD at the real exchange rate Converted to 1.00000 INR 0.01217 USD Mid-market exchange rate at 13:33 UTC Track the exchange rate Send money The safe and easy way to exchange your money You always get the best exchange rate with Wise, whether you send, spend, or convert money in dozens of currencies. The focus is now on the Fed's policy decision. "Still, the (Fed) event risks are there for the rupee," Parmar said, adding that an extended fall in oil prices also aided the Indian currency's move. The falling dollar index, fall in bond yields, and strong Asian currencies gave momentum to the Indian rupee, said Dilip Parmar, research analyst at HDFC Securities. Download now 4.8 /5 4.4 /5 Rating as of September 15, 2020. Send again quickly to friends and family. Meanwhile, the Indian central bank was likely buying dollars via public sector banks on Wednesday to ensure that the rupee remained in a narrow range, traders told Reuters. US Dollar to Indian Rupee conversion rate Money transfers at your fingertips with the Western Union ® app Send money quickly or start a transfer and pay in-store. ![]() Oil prices extended losses on the day after plunging 5% in the previous session, as investors fretted about the health of the U.S. ![]() debt ceiling, and uncertainties surrounding banking collapses clouded the investment outlook and raised bets for a pause and quicker reversal in the rate cycle. The dollar index was down 0.3% as gloomy jobs data, a standoff over the U.S. The rupee closed up 0.08% at 81.8175 to the dollar, compared with 81.88 in the previous session. dollar ahead of the expected quarter-point rate hike by the Federal Reserve later in the day and broader strength in Asian peers. According to forex dealers, besides robust month-end demand for the American currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering Sino-US trade tensions, weighed on the domestic currency today.MUMBAI, May 3 (Reuters) - The Indian rupee strengthened on Wednesday, aided by a broad decline in the U.S. Convert USD/INR - Wise 1 US dollar to Indian rupees Converted to Send money 50+ currencies in one account USD to INR conversion chart 1 USD 82.20050 INR As of 1 min ago, 1 USD 82. Indian rupee was trading at 70.93/94 per dollar and skidded to 71 per dollar in opening deals before recovering slightly on the back of dollar sales by state-run banks.ġ. 1 US dollar to Indian rupees Exchange Rate. Weakness in almost all other Asian peers also gave a boost to the dollar today. The fall in Indian currency is due to the persistent demand for the US currency amid rising crude prices. The Indian rupee collapsed to a fresh record low of 71 against the US dollar for the first time ever by slipping 26 paise today, reported news agency PTI (Press Trust of India). RBI likely sporadically selling dollars via state-run banks, said traders.Simply register or log in for OFX Customer Rates. Market Rate 81.6493 Inverse 0.0122 The amounts above are calculated using the Market (Interbank) rate and are not indicative of OFX Customer Rates. On Thursday, the rupee closed at a fresh lifetime low of 70.74 US Dollar (USD) to Indian Rupee (INR) Historical Exchange Rates on 31st March 2022 () On Mathe Official USD to INR Exchange Rate: Close: 1 USD 75.91 INR Best: 1 USD 75.956 INR Worst: 1 USD 75.659 INR Todays Live US Dollar to Indian Rupee Spot Rate: Live: 1 USD 82. Get bank-beating foreign currency exchange rates with OFX.Persistent demand for the US currency led to the fall of rupee. ![]()
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