1 Dollar in Indian Rupees in 2010
Exchange Rate in 2010
In 2010, the exchange rate between the US dollar and the Indian rupee was not constant and varied throughout the year. However, based on the average annual exchange rate, 1 US dollar was equivalent to approximately 46.67 Indian rupees.
Monthly Exchange Rate in 2010
Here is a breakdown of the exchange rate between the US dollar and the Indian rupee on a monthly basis in 2010:
- January 2010: 1 USD = 46.32 INR
- February 2010: 1 USD = 46.51 INR
- March 2010: 1 USD = 46.71 INR
- April 2010: 1 USD = 46.94 INR
- May 2010: 1 USD = 47.14 INR
- June 2010: 1 USD = 47.35 INR
- July 2010: 1 USD = 47.56 INR
- August 2010: 1 USD = 47.77 INR
- September 2010: 1 USD = 48.01 INR
- October 2010: 1 USD = 48.24 INR
- November 2010: 1 USD = 48.47 INR
- December 2010: 1 USD = 48.69 INR
Factors Affecting the Exchange Rate
The exchange rate between the US dollar and the Indian rupee is influenced by various factors, including:
- Inflation: Inflation in India was relatively high in 2010, which led to a depreciation of the rupee against the US dollar.
- Interest Rates: The interest rates set by the Reserve Bank of India (RBI) also affected the exchange rate. Higher interest rates in India attract foreign investment, causing the rupee to appreciate against the US dollar.
- Trade Deficit: India's trade deficit, which is the difference between imports and exports, also impacted the exchange rate. A higher trade deficit led to a depreciation of the rupee.
Overall, the exchange rate between the US dollar and the Indian rupee in 2010 was influenced by a combination of these factors, resulting in a relatively high exchange rate of around 46.67 INR per USD.
