Indian Rupee To Us Dollar Exchange Rate Today
The Indian Rupee (INR) is the official currency of India, while the US Dollar (USD) is the official currency of the United States of America. The exchange rate between these two currencies is constantly changing, and it is important for businesses and individuals to stay up-to-date with the latest rates to make informed decisions regarding financial transactions.
Factors Affecting The Exchange Rate
The exchange rate between the Indian Rupee and the US Dollar is influenced by a number of factors, including:
- Interest rates set by the Reserve Bank of India and the Federal Reserve
- Inflation rates in both countries
- Political stability in both countries
- Economic growth rates in both countries
- Trade balances between the two countries
Current Exchange Rate
As of today, the Indian Rupee to US Dollar exchange rate is:
1 INR = 0.014 USD
This means that if you have 1 Indian Rupee, you can exchange it for 0.014 US Dollars.
Historical Exchange Rates
The exchange rate between the Indian Rupee and the US Dollar has fluctuated over time. Here are some examples of historical exchange rates:
- As of December 31, 2018: 1 INR = 0.014 USD
- As of December 31, 2017: 1 INR = 0.015 USD
- As of December 31, 2016: 1 INR = 0.015 USD
- As of December 31, 2015: 1 INR = 0.015 USD
It is important to note that exchange rates are constantly changing and historical rates may not accurately reflect current rates.
Impact On Business
The exchange rate between the Indian Rupee and the US Dollar can have a significant impact on businesses that operate in both countries. For example:
- Exporters from India may benefit from a weaker rupee as their goods become more affordable for US buyers.
- Importers from India may suffer from a stronger rupee as they will have to pay more for US goods.
- Companies with operations in both countries may need to manage exchange rate risk to avoid financial losses.
How To Track Exchange Rates
There are a number of resources available to track the Indian Rupee to US Dollar exchange rate:
- Financial news websites such as Bloomberg, Reuters, and CNBC
- Forex trading platforms such as Forex.com and Oanda
- Mobile apps such as XE Currency and Currency Converter Plus
Conclusion
Keeping track of the Indian Rupee to US Dollar exchange rate is important for businesses and individuals who engage in financial transactions between India and the United States. Stay informed on the latest rates and consider the impact on your financial decisions.