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How much Indian rupee is US 1?
Today: 1.00 USD=44.2400 INR
How is forex reserve inflation appreciation of rupee related?
Let me explain it step wise: 1. Imagine an X- shaped diagram in front of your eyes. Now place this within X and Y axis with X axis being INR and Y axis being USD. Now imagine first arm of the X- diagram, the arm that goes (\) ie topleft to bottom right: this is the Supply curve of USD vs INR. The other arm that goes (/) ie topright to bottom left: this is the demand curve of USD vs INR. The point where both the arms cross is the equilibrium point (E). This is the current exchange rate ie 1 USD =x INR. 2. Now, if Forex Reserve increases (inflates) the supply arm of the (X curve) shifts upward ie more toward the Y-axis. The demand curve remains constant. Hence the point where the 2 arms interesect, the equilibrium:E, have shifted. This new E, would mean less INR for more USD. 3. Hence the appreciation of INR in effect, as the forex reserve increases (i), the supply of USD in the local Indian market (i), hence there are fewer INR chasing the USD, which indicates a supply glut of USD and hence drop in the exchange rate that USD can command , hence the rupee appreciation.
Why did the Indian Rupee depreciate so much against the US Dollar?
The availability or rather the supply of the US Dollar in the Indian markets is pretty limited. Because of uncertainty in the global economic scenario, foreign investors (especially from USA) have turned net-sellers and USD Inflows into the country has fallen sharply. The US dollars into the Indian economy by the FII's (Foreign Institutional Investors) not only guides the movement of the Indian Stock Markets, it also is a potent force that can determine the exchange rate movement of the Indian Rupee. The synopsis of this FII situation is as follows: "If there is a net inflow of money (USD) from FII's the rupee strengthens or appreciates against the US Dollar. When there are net outflows, it depreciates" For Example: During 2010, there were record inflows of funds from FII's into the Indian system and hence the Rupee was very strong. Remember the days when the Rupee was around 42-43 rupees per US Dollar??? Now in 2011, FII's are withdrawing their funds and hence the value of the rupee is depreciating
What is the worth of one rupee in Pakistan?
As of now (3/27/2011)1.00 PKR=0.0117911 USD
What is the exchange rate of USD INR?
The acronym USD refers to the US dollar, while the acronym INR refers to the Indian rupee. Currently, the exchange rate for USD to INR is 1 USD to 54.88 INR. Depending on global market activity, however, the exchange rate is subject to change.
Reasons of rupee appreciation against dollar?
The main reason for Rupee Appreciation is on account of 1. Huge forex inflow mainly the USD. This inflow is in the form of FDI, ECB, Investment and Remittances. 2. Growing Exports. Resulting in huge inflow in USD thus making the domestic currency appreciate against the dollar. 3. Political Dilemma. Central bank with stringent task to achieve inflation at 4.0 to 4.5% is not in a position to help exporter by means of infusing rupee in the market. Abir Roy
How many rupees of 419 USD?
419 usd amount convert in indian rupee
How much was 1 rupee worth in 1917?
In 1917 one rupee was worth one rupee or one USD or one GBP or whatever.
1 Dirham in India Rupee?
1 USD= 44.3150 INR (Rupees)
10.20 USD converted to Indian rupee?
478.380 rupees
How much is 1.7 millions USD in Indian rupee?
At the time of answering, 1,700,000 USD = 109,601,000 INR
How much is an Indian Krone?
The Krone is not the type of money that India uses, the Rupee is. As of October of 2014, the current Rupee to Dollar exchange rate is 1 Rupee equals 0.016 USD.
Where can you find the current USD to Rupee exchange rate?
One can find current exchange rates for USD to Rupee online from sites such as Dollar2rupee, X-Rates, Xe, Exchange Rates, Money.cnn, Oanda and Finance.yahoo.
Why Indian rupee is going weaker against usd?
Because America is AWESOME
How much is 99.99 in rupees?
99.99 USD is 5543,95 Rupee, as of September 2012
How much is 6 billion rupee?
Going by google:Rupee, sign is SCR.$6 Billion Rupee/SCR = $424 Million USD (US dollars)
Money of Pakistan?
Pakistani currency is the Rupee. At October 29 2009 one Pakistani Rupee (PKR) equals 0.01199 US Dollar (USD).
