Several traders last week pointed to the central bank helping the rupee rebound from a record low of 80.12, whereas RBI Governor Shaktikanta Das said on Monday the bank aimed to anchor expectations around the currency and would intervene to prevent an overshoot. So that somehow has become a perceived resistance for the USD/INR pair,” said Mandar Pitale, head of treasury at SBM Bank. “There is an implicit understanding that the Reserve Bank of India doesn’t want undue volatility and they can… support the 80 level.
The Philippine peso hit a record low, while the Malaysian ringgit slumped to its lowest level in 24 years.
However, the rupee held up better than its Asian peers. ** NSDL data shows foreign investors sold a net $1.This advertisement has not loaded yet, but your article continues below. note yield at 3.26%, India 10-yr bond yield at 7.21% ** SGX Nifty nearest-month futures up 0.1% at 17,586 ** As per NSDL data, foreign investors bought a net $534.3mln worth of Indian shares on Aug 30
Buy, sell, transfer, or find out dollar rate today in Indian. 1 for end current month is 16.0 paise ** Dollar index at 109.55 ** Brent crude futures up 1.2% at $93.4 per barrel ** Ten-year U.S. USD to Inr Live: Thomas Cook India can help you convert with dollar to rupee conversion. You won’t receive this rate when sending money. KEY INDICATORS: ** One-month non-deliverable rupee forward at 79.91 onshore one-month forward premium at 20 paise ** USD/INR NSE September futures closed on Thursday at 79.7725 ** USD/INR forward premium as of Sep. USD INR Indian Rupee 1.00 US Dollar 79.44 5663 Indian Rupees 1 INR 0.0125872 USD We use the mid-market rate for our Converter. 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. According to calculations by Reuters, based on information from a government source, India's trade deficit in August moderated to $28.68 billion from $30 billion in the previous month. Meanwhile, India's trade deficit numbers will likely be released later in the day. The exchange rate of the United States Dollar in relation to the Indian Rupee on the chart, the table of. Higher-than-expected job additions will further increase odds of the Fed hiking rates by 75 basis points at this month's meeting.Īsian shares and currencies were moderately lower on Friday. The cost of 1 United States Dollar in Indian Rupees today is 79.66 according to the Open Exchange Rates, compared to yesterday, the exchange rate decreased by -0.0013 (by -0.0010). The report assumes significance in light of Fed's remarks that the pace of rate hikes is data dependant. Non-farm payrolls data is due at 1230 GMT and economists expect 300,000 jobs were added in August, which would extend a strong run of data. USD to INR FORECAST for tomorrow, this week and month. More details on current USD to INR below. Just type a value in DOLLARS or INR and tap the conversion button. Current USD to INR exchange rate equals 79.4470 Rupees per 1 US Dollar. Treasury yields rose Thursday, with the 2-year reaching a new 15-year high. Currencies Converter utility to make the conversion between USD Dollars and Indian Rupee. The data is expected to further reaffirm room for the Federal Reserve to opt for larger rate increases. ISM manufacturing supported demand for the dollar. jobless claims alongside slightly better-than-expected U.S. The dollar index on Thursday climbed to just shy of the psychologically important 110 level. jobs data and India's trade deficit numbers will be key."
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