Table Of 1 Us Dollar To Indian Rupee Exchange Rate
Introduction
The exchange rate between the US dollar and Indian rupee is an important factor that affects trade between the two countries. It is the value of one currency in relation to the other, and it is constantly changing due to various economic and political factors. This article will provide a table of the exchange rate between the US dollar and Indian rupee, as well as some information about the factors that can influence this rate.
What is Exchange Rate?
Exchange rate refers to the value of one currency in relation to another currency. For example, if the exchange rate between the US dollar and Indian rupee is 1 USD = 75 INR, then one US dollar is worth 75 Indian rupees. Exchange rates are determined by the foreign exchange market, which is a global decentralized market for the trading of currencies.
Factors That Influence Exchange Rate
Exchange rates are influenced by a variety of factors, including economic and political conditions in the countries whose currencies are being traded. Some of the most important factors that can affect the exchange rate between the US dollar and Indian rupee include:
- Interest rates
- Inflation rates
- Gross domestic product (GDP)
- Trade balance
- Political stability
- Market speculation
Table Of 1 US Dollar To Indian Rupee Exchange Rate
The table below shows the exchange rate between the US dollar and Indian rupee over the past year. The data is sourced from xe.com and is updated daily.
| Date | Exchange Rate |
|---|---|
| 19/08/2020 | 74.88 |
| 19/09/2020 | 73.47 |
| 19/10/2020 | 73.28 |
| 19/11/2020 | 74.13 |
| 19/12/2020 | 73.57 |
| 19/01/2021 | 72.92 |
| 19/02/2021 | 72.54 |
| 19/03/2021 | 72.51 |
| 19/04/2021 | 74.99 |
| 19/05/2021 | 73.32 |
| 19/06/2021 | 74.06 |
| 19/07/2021 | 74.32 |
Conclusion
The exchange rate between the US dollar and Indian rupee is an important factor that affects trade between the two countries. It is influenced by a variety of economic and political factors, and it can fluctuate greatly over time. The table provided in this article shows the exchange rate between the two currencies over the past year, and it can be used as a reference for those who are interested in trading between the US and India.