1 Dollar in Indian Rupees 2024 Today
Exchange Rate Update 2024
Are you planning a trip to India or looking to invest in the Indian economy? Then you must be wondering how much 1 US dollar is worth in Indian rupees. In this article, we'll provide you with the latest exchange rate and help you understand the current market trends.
Current Exchange Rate (2024)
As of today, 1 US dollar is approximately equal to 82.45 Indian rupees. Please note that the exchange rate is subject to fluctuation and may change rapidly due to market forces and economic conditions.
Factors Affecting Exchange Rate
Several factors influence the exchange rate between the US dollar and Indian rupee. Some of the key factors include:
Economic Indicators
- GDP growth rate
- Inflation rate
- Unemployment rate
- Interest rates
Geopolitical Events
- Trade agreements and tariffs
- Political stability
- Global events and crises
Market Forces
- Supply and demand
- Speculation
- Market sentiment
Historical Exchange Rate
To give you a better understanding of the exchange rate trend, here's a brief historical overview:
| Year | Exchange Rate (1 USD to INR) |
|---|---|
| 2020 | 75.50 |
| 2021 | 77.50 |
| 2022 | 79.20 |
| 2023 | 80.80 |
| 2024 | 82.45 |
Conclusion
The exchange rate between the US dollar and Indian rupee is constantly changing. It's essential to stay updated with the latest rates to make informed decisions about your investments or travels. In this article, we've provided you with the current exchange rate and factors that affect it. Stay tuned for more updates on the exchange rate and market trends.
