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Rate Of Australian Dollar In Indian Rupees Today

Australian Dollar And Indian Rupee

Introduction

The exchange rate is the value of one currency for the purpose of conversion to another. The Australian dollar (AUD) and Indian rupee (INR) are two of the most traded currencies in the world. The exchange rate between the AUD and INR is constantly fluctuating due to various economic and political factors. In this article, we will discuss the current rate of Australian dollar in Indian rupees today.

Factors Affecting the Exchange Rate

Factors Affecting Exchange Rate

The exchange rate between the AUD and INR is influenced by several factors, including:

  • Interest Rates: Higher interest rates in a country increase the value of its currency as investors seek higher returns.
  • Inflation: Higher inflation rates decrease the value of a currency as it reduces the purchasing power.
  • Political Stability: Countries with stable governments are seen as more attractive to investors, leading to an increase in the value of their currency.
  • Economic Growth: Countries with higher economic growth rates are viewed as more stable and attractive, leading to an increase in the value of their currency.
  • Trade Balance: Countries with a positive trade balance (exporting more than importing) typically have a stronger currency.

Current Rate of Australian Dollar in Indian Rupees Today

Australian Dollar And Indian Rupee Today

As of the time of writing this article, the current rate of Australian dollar in Indian rupees today is INR 56.68 for 1 AUD. This exchange rate is constantly changing due to the factors discussed earlier.

Historical Exchange Rates

Historical Exchange Rates Australian Dollar And Indian Rupee

The exchange rate between the AUD and INR has varied over the years due to changes in the global economy and political stability. As of August 2021, the exchange rate is at its highest in the past year, with 1 AUD being equal to INR 56.68. In August 2020, the exchange rate was INR 50.94 for 1 AUD.

Impact on Trade and Travel

Trade And Travel Australian Dollar And Indian Rupee

The exchange rate between the AUD and INR has a significant impact on trade and travel between Australia and India. A strong AUD makes imports from India cheaper for Australians, while a strong INR makes Australian exports cheaper for Indians. A weaker AUD, on the other hand, makes Australian exports more expensive for Indians and imports from India more expensive for Australians.

Conclusion

The exchange rate between the AUD and INR is constantly changing due to various economic and political factors. The current rate of Australian dollar in Indian rupees today is INR 56.68 for 1 AUD. This exchange rate has a significant impact on trade and travel between Australia and India. As with any investment, it is important to do your research and consider the various factors that can impact the exchange rate before making any decisions.

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