2013: 1 USD in Indian Rupees
In 2013, the exchange rate between the United States Dollar (USD) and the Indian Rupee (INR) fluctuated throughout the year. Here's a brief overview of the exchange rate during that period:
Exchange Rate in 2013
The average exchange rate for 1 USD in Indian Rupees in 2013 was around 58-60 INR. However, the exchange rate varied throughout the year, with some fluctuations due to economic and geopolitical events.
Quarterly Exchange Rate
Here's a breakdown of the exchange rate for 1 USD in Indian Rupees on a quarterly basis in 2013:
- Q1 (Jan-Mar 2013): 53-55 INR
- Q2 (Apr-Jun 2013): 55-57 INR
- Q3 (Jul-Sep 2013): 58-60 INR
- Q4 (Oct-Dec 2013): 61-63 INR
Factors Affecting the Exchange Rate
Several factors contributed to the fluctuations in the exchange rate during 2013, including:
- Monetary policy decisions: The Reserve Bank of India (RBI) and the Federal Reserve System (Fed) made decisions on interest rates and quantitative easing, which impacted the exchange rate.
- Economic growth: India's economic growth rate slowed down in 2013, leading to a depreciation of the rupee against the US dollar.
- Trade deficit: India's trade deficit widened in 2013, which put pressure on the rupee and led to depreciation.
- Inflation: High inflation rates in India also contributed to the depreciation of the rupee.
Conclusion
In conclusion, the exchange rate for 1 USD in Indian Rupees in 2013 was around 58-60 INR, with fluctuations throughout the year due to various economic and geopolitical factors. Understanding these factors can help individuals and businesses make informed decisions when exchanging currencies.
