Rate Of Aud Dollar In Indian Rupees Today
The Australian dollar (AUD) is the official currency of Australia and is commonly referred to as the "Aussie". The Indian rupee (INR) is the official currency of India. The AUD/INR currency pair represents the exchange rate between the two currencies. The rate of AUD dollar in Indian rupees today is a topic of interest for many people who are involved in international trade or travel between the two countries.
Factors Affecting AUD/INR Exchange Rate
The AUD/INR exchange rate is determined by the supply and demand of the two currencies in the foreign exchange market. The following factors can affect the supply and demand of AUD and INR:
Economic Indicators
The economic indicators of both countries, such as GDP, inflation, interest rates, and trade balance, can influence the exchange rate. For example, if the Australian economy is growing faster than the Indian economy, the demand for AUD may increase, leading to an appreciation in the AUD/INR exchange rate.
Political Factors
The political stability and policies of both countries can also affect the exchange rate. For instance, if there is a political crisis in India, investors may flock to the Australian market, leading to an increase in demand for AUD and a rise in the AUD/INR exchange rate.
Commodity Prices
Both Australia and India are major exporters of commodities such as gold, coal, and iron ore. Fluctuations in commodity prices can impact the exchange rate of AUD and INR. For example, if the price of gold increases, it can lead to an increase in the value of the AUD, which can result in an appreciation of the AUD/INR exchange rate.
AUD/INR Historical Exchange Rates
The AUD/INR exchange rate has fluctuated over the years due to various economic and political factors. Here are some examples of the historical exchange rates:
2000 - 2010
From 2000 to 2010, the AUD/INR exchange rate ranged from around 20 to 50 INR per AUD. The exchange rate was affected by the dot-com bubble, the global financial crisis, and the rise of the Australian mining industry.
2011 - 2015
From 2011 to 2015, the AUD/INR exchange rate ranged from around 50 to 65 INR per AUD. The exchange rate was influenced by the European debt crisis, the slowdown in the Chinese economy, and the decline in commodity prices.
2016 - 2021
From 2016 to 2021, the AUD/INR exchange rate ranged from around 45 to 65 INR per AUD. The exchange rate was affected by the US-China trade war, the COVID-19 pandemic, and the recovery of the Australian and Indian economies.
Current AUD/INR Exchange Rate
As of [insert date], the rate of AUD dollar in Indian rupees today is [insert exchange rate]. The exchange rate is subject to change due to various economic and political factors.
Conclusion
The rate of AUD dollar in Indian rupees today is an important topic for people who are involved in international trade or travel between Australia and India. The exchange rate is influenced by various economic and political factors, and it can fluctuate over time. It is important to keep track of the exchange rate to make informed decisions regarding currency exchange.