1 $ is Equal to How Many Rupees?
The value of the US dollar (USD) compared to the Indian rupee (INR) is a crucial piece of information for anyone looking to exchange currency, invest, or conduct international trade. In this article, we'll explore the current exchange rate and provide some historical context to help you understand the fluctuations.
Current Exchange Rate
As of [current date], the exchange rate is:
1 USD = 74.83 INR
Please note that currency exchange rates can fluctuate frequently due to various economic and political factors. This rate may change by the time you read this article. For the most up-to-date exchange rate, we recommend checking a reliable currency exchange website or service.
Historical Context
In recent years, the Indian rupee has experienced significant fluctuations against the US dollar. In 2018, the rupee touched an all-time low of 74.48 against the dollar. Since then, it has shown some signs of recovery.
Here's a brief overview of the exchange rate over the past few years:
- 2018: 1 USD = 74.48 INR (all-time low)
- 2019: 1 USD = 71.28 INR (average rate)
- 2020: 1 USD = 73.42 INR (average rate)
- 2021: 1 USD = 74.83 INR (current rate)
Factors Affecting the Exchange Rate
Several factors influence the exchange rate between the US dollar and Indian rupee, including:
- Economic indicators: GDP growth rate, inflation, interest rates, and employment numbers
- Geo-political events: Political stability, trade agreements, and conflicts
- Commodity prices: Oil prices, gold prices, and other commodities
- Speculation: Market sentiment and investor confidence
Conclusion
The exchange rate between the US dollar and Indian rupee is subject to frequent changes. Understanding the historical context and factors that influence the exchange rate can help you make informed decisions when exchanging currency, investing, or conducting international trade. Always check the current exchange rate before making any transactions.
