Dollar Rate To Indian Rupee Last 10 Days
Introduction
The exchange rate of the US dollar to the Indian rupee has been a topic of interest for many people due to its impact on trade and investment between the two countries. The dollar rate to Indian rupee has been fluctuating over the past few weeks, and this article aims to provide insights into the trends and factors that have affected the exchange rate over the last 10 days.
Day 1: 1st March 2021
On the first day of March 2021, the USD to INR exchange rate opened at 72.74 and closed at 73.03. The rate remained relatively stable throughout the day, with a slight increase towards the end of the trading day.
Day 2: 2nd March 2021
The second day of March saw a slight increase in the USD to INR exchange rate, with the rate opening at 73.11 and closing at 73.26. This increase was attributed to the strengthening of the US dollar against other major currencies in the global market.
Day 3: 3rd March 2021
The third day of March saw a significant increase in the USD to INR exchange rate, with the rate opening at 73.27 and closing at 73.55. This increase was due to the rise in crude oil prices, which led to an increase in demand for the US dollar in the global market.
Day 4: 4th March 2021
The fourth day of March saw a slight decrease in the USD to INR exchange rate, with the rate opening at 73.52 and closing at 73.44. This decrease was attributed to the decline in demand for the US dollar in the global market.
Day 5: 5th March 2021
The fifth day of March saw a further decrease in the USD to INR exchange rate, with the rate opening at 73.38 and closing at 73.18. This decrease was due to the weakening of the US dollar against other major currencies in the global market.
Day 6: 8th March 2021
The sixth day of March was a holiday in India, and as such, there was no trading in the forex market.
Day 7: 9th March 2021
The seventh day of March saw a slight increase in the USD to INR exchange rate, with the rate opening at 73.16 and closing at 73.21. This increase was due to the strengthening of the US dollar against other major currencies in the global market.
Day 8: 10th March 2021
The eighth day of March saw a significant decrease in the USD to INR exchange rate, with the rate opening at 73.22 and closing at 73.04. This decrease was due to the decline in demand for the US dollar in the global market.
Day 9: 11th March 2021
The ninth day of March saw a further decrease in the USD to INR exchange rate, with the rate opening at 73.03 and closing at 72.92. This decrease was attributed to the decline in crude oil prices, which led to a decrease in demand for the US dollar in the global market.
Day 10: 12th March 2021
The tenth day of March saw a slight increase in the USD to INR exchange rate, with the rate opening at 72.94 and closing at 73.02. This increase was due to the strengthening of the US dollar against other major currencies in the global market.
Conclusion
The USD to INR exchange rate has been fluctuating over the past 10 days, with factors such as crude oil prices and the strength of the US dollar in the global market affecting the rate. It is important to keep an eye on these factors as they can have a significant impact on the exchange rate in the future.