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Because of many factors that are occurring in a simultaneous fashion. The crucial ones are:
1. Due to Risk Aversion on the part of Currency Investors, the Demand for the US Dollar has gone up world over
2. Uncertain Economic Situation around the globe
3. FII's turning Net-Sellers and withdrawing funds from the Indian Market
What else can I help you with?
What is the Indian currency?
Indian currency is Rupee (Re).
American dollar is converted into Indian rupee?
As of 21st June 2009: $1 = 48.03 Indian Rupees $10 = 480.25 Indian Rupees $100 = 4802.50 Indian Rupees
What is the Obsolete Indian coin that was worth one sixteenth of rupee called?
Anna
When did the Indian rupee become a unit of currency?
India stands among those countries that discovered the need for a currency and the first rupee coins were issued as early as in the 16th century.
5.2 million American dollars equal to Indian rupees?
Five rupee twenty paise.
What is the Indian currency?
Indian currency is Rupee (Re).
What is a rupee tree?
Indian rupee
How much is 1 dollars in Indian rupee?
This depends on what dollar 1 US Dollar in Indian Rupee is 63.60 1 Australian Dollar in Indian Rupee is 50.32 1 Barbardian in Indiian Rupee is 31.98 1 Bahamian Dollar in Indian Rupee is 64.01 1 Canadian Dollar in Indian Rupee is 51.04 1 New Zealand Dollar in Indian Rupee is 46.15
1000 riyal equals how much Indian rupee?
1500 indian rupee
When did Danish Indian rupee end?
Danish Indian rupee ended in 1845.
How much 5500000 in Indian rupee?
how much 5500000 pounds in indian rupee
What is the current exchange of rate of Nepalese rupee against Indian rupee?
Indian Rupee is stronger than PKR (Pakistani Rupee). Though, PKR improved a bit against INR (Inidan Rupee) in recent months but still, it is approximately 0.63 of INR.1 PKR = 0.63 INR
Is Mauritius rupee same as Indian rupee?
No. As of May 2013 one Indian Rupee is worth about .5 Mauritian rupees.
How is the basic monetary unit divided in India?
The currency of India is the Indian rupee.
What is India's money name?
The Indian currency is called the Indian Rupee (INR) and the coins are called paise. One Rupee consists of 100 paise.
1.5billion Indian rupee is equal to how many Indian rupee in crores?
66 lakhs
How many Indian rupees is equal to 1Nepalese rupee?
In May 2013 one Nepalese rupee was worth .6 of an Indian Rupee.
