Us Dollar Vs Indian Rupee Last 10 Years
Over the past decade, the US Dollar and Indian Rupee have had an interesting relationship. The exchange rate between the two currencies has fluctuated significantly, impacted by various economic and political factors. In this article, we will explore the history of the US Dollar vs Indian Rupee over the last 10 years.
2011
In 2011, the exchange rate between the US Dollar and Indian Rupee was around 44.56 INR per USD. This was due to India's growing economy and strong performance in the global market.
2012
However, in 2012, the exchange rate began to shift. The Indian economy started to slow down, and the US Dollar gained strength. The exchange rate rose to around 54.25 INR per USD.
2013
2013 was a volatile year for the US Dollar and Indian Rupee. The exchange rate fluctuated between 54.68 INR per USD and 61.76 INR per USD. This was due to various economic factors, including a slowdown in the Indian economy and a strengthening US Dollar.
2014
In 2014, the exchange rate continued to rise, reaching around 63.68 INR per USD. This was due to a number of factors, including the US Federal Reserve's decision to end its quantitative easing program and the Indian government's decision to cut back on imports.
2015
2015 saw the exchange rate stabilize somewhat, with the rate hovering around 64.15 INR per USD for most of the year. This was due to a number of factors, including the Indian government's efforts to stabilize the economy and the US Federal Reserve's decision to delay raising interest rates.
2016
In 2016, the exchange rate once again began to rise, reaching around 67.92 INR per USD. This was due to a number of factors, including the US Presidential election and uncertainty in the global market.
2017
2017 was a volatile year for the US Dollar and Indian Rupee. The exchange rate fluctuated between 63.84 INR per USD and 68.80 INR per USD. This was due to a number of factors, including the Indian government's demonetization efforts and the US Federal Reserve's decision to raise interest rates.
2018
In 2018, the exchange rate continued to rise, reaching around 73.14 INR per USD. This was due to a number of factors, including rising oil prices and a widening trade deficit in India.
2019
2019 saw the exchange rate stabilize somewhat, with the rate hovering around 70.87 INR per USD for most of the year. This was due to a number of factors, including the Indian government's efforts to stabilize the economy and the US Federal Reserve's decision to cut interest rates.
2020
2020 was a volatile year for the US Dollar and Indian Rupee. The exchange rate fluctuated between 71.18 INR per USD and 76.19 INR per USD. This was due to a number of factors, including the COVID-19 pandemic and its impact on the global market.
2021
As of August 2021, the exchange rate between the US Dollar and Indian Rupee is around 74.35 INR per USD. This is due to a number of factors, including the ongoing impact of the COVID-19 pandemic and India's economic recovery efforts.
Conclusion
Over the last 10 years, the exchange rate between the US Dollar and Indian Rupee has been impacted by various economic and political factors. While the rate has fluctuated significantly, it has generally trended upwards. As we move forward, it will be interesting to see how the exchange rate continues to evolve and how it impacts both the US and Indian economies.