1 Indian Rupee in Indonesian Rupiah
Exchange Rate
The exchange rate between the Indian Rupee (INR) and the Indonesian Rupiah (IDR) is a vital piece of information for travelers, expats, and international traders. As of the current market rate, 1 Indian Rupee is equivalent to approximately 193 Indonesian Rupiah.
Currency Symbol and Code
The Indian Rupee's currency symbol is ₹, and its ISO code is INR. On the other hand, the Indonesian Rupiah's currency symbol is Rp, and its ISO code is IDR.
History of the Exchange Rate
The exchange rate between INR and IDR has fluctuated over time due to various economic and geopolitical factors. In 2010, the exchange rate was around 1 INR = 170 IDR. In 2015, it was approximately 1 INR = 190 IDR. As of 2022, the exchange rate has reached 1 INR = 193 IDR, indicating a steady depreciation of the Indonesian Rupiah against the Indian Rupee.
Factors Affecting the Exchange Rate
Several factors influence the exchange rate between INR and IDR, including:
- Economic indicators: GDP growth rates, inflation rates, and interest rates in both India and Indonesia.
- Global market trends: Changes in global commodity prices, trade balances, and investor sentiment.
- Political events: Geopolitical tensions, elections, and policy changes in both countries.
- Central bank interventions: Monetary policy decisions by the Reserve Bank of India (RBI) and Bank Indonesia.
Conclusion
The exchange rate between the Indian Rupee and the Indonesian Rupiah is a critical aspect of international trade and finance. Understanding the exchange rate and its fluctuations can help individuals and businesses make informed decisions about investments, exports, and imports.
