![]() India imports commodities from the US instead of exporting on its own which is why the value of the Dollar is high due to the number of exports. The US Dollar is higher than the Rupee for various reasons. Imports become more expensive as the value of a foreign currency rises, whereas exports become less expensive. In the global foreign exchange market, the exchange rate changes every day, and it is an essential indicator of a country’s economic strength. The value of one Dollar to one Indian Rupee fluctuates, referred to as the exchange rate. – Trade with other countries in that currency List of Few World Currencies where Indian Currency is StrongerĨ.The Indian Rupee is valued less compared to the US Dollar. – Central Bank’s Interest Rate (In India, it is RBI’s interest Rates) For example, an interbank exchange rate of 49.90 INR to the New Zealand Dollar means that ₹49.90 will be exchanged for each 1 NZ$ or that 1 NZ$ will be exchanged for each ₹49.90. Source: xe.com (Rates as on 18th Dec 2022)Ĭurrency exchange rate is the value of one country’s currency with respect to other currency or the rate at which one currency will be exchanged for another. Asian Currencies vs Indian Currency Exchange Rate Country There may be variance in rates and prices. So, we have compiled a list of all major currencies and compared them with the current currency exchange rate in India.ĭ isclaimer: The currency rates are sourced from Xe.com, Google and BookMyForex rate Chart. As it will help you in making a wise decision when you want to buy or sell Indian Rupees. So, it is extremely important for a regular traveller outside India or if you are a Non-Resident Indian (NRI) to compare the currency rate in India with other world currencies. In the last few quarters, Indian Rupee has lost value against the likes of USD but has also gained against other currencies.
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