The falling rupee has been a concern and Finance Minister Nirmala Sitharaman when asked about the dip, said last week that she saw it more as a case of the dollar strengthening rather than the rupee falling. On the domestic equity market front, the 30-share BSE Sensex gained 146.59 points or 0.25 per cent to end at 59,107.19, while the broader NSE Nifty advanced 25.30 points or 0.14 per cent to 17,512.25. 385/- Written by Teena Marian 12 May, 2022 12:31 pm COLOMBO (News 1st) The selling price of the US dollar at licensed commercial banks increased to Rs.385/- and the buying. Global oil benchmark Brent crude futures rose 0.82 per cent to USD 90.77 per barrel. For the basic conversion, we use the midpoint between the buy and sell rates of USD to INR at currency exchanges across the globe. Every vehicle is sanitized with the Hertz Gold Standard Clean. In the previous session on Tuesday, the rupee slipped 10 paise to end at 82.40 against the dollar. Rent a car with Dollar - we have thousands of car rental locations across the US and the world. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.31 per cent to 112.48. With the UK facing 40-year high inflation, market watchers are speculating that the Bank of England may hike rates to curb rising prices. However, the rupee’s close of 82.74 was lower than Tuesday’s close of 82.45 against the dollar.Įarlier in the day, the rupee had opened at 82.37 but later fell to a record low of 83.18 against the dollar.Īnalysts have attributed the rupee’s fall to growing inflation concerns across the globe which has strengthened the dollar, more so due to expectations of hikes in key rates by major central banks the world over. The British pound fell 0.6 per cent after data showing Britain's annual consumer price inflation inched up to 10.1 per cent in September, news agency Reuters reported.īack home, rupee opened for trading at 82.29 and fell as much as 59 paise to hit record low against the greenback.The rupee touched a historic low of 83.18 against the dollar briefly during intraday trading, before it closed at 82.74 on Wednesday.
The US dollar held at a 32-year peak against the yen and rose from a two-week trough against a basket of major peers, underpinned by expectations of aggressive US Federal Reserve interest rate hikes. Pound Sterling weakened on Wednesday after hotter-than-expected consumer price inflation and fears of a deeper recession bolstered expectations of a less aggressive rate hike by the Bank of England in November. 200 and said that this value will be achieved within the next 24 days. The rise increases expectations that the Bank of England will raise interest rates further and faster as it struggles to return inflation to its 2 per cent target. Aktueller Dollarkurs 1 Euro 0,9694 US-Dollar 1 US-Dollar 1,0315 Euro Zum Währungsrechner Dollarkurs: Euro und Dollar auch 2022 der wichtigste Wechselkurs der Welt Hier finden Sie den aktuellen Dollarkurs sowie einen praktischen Währungsrechner, um Dollar in Euro umzurechnen und umgekehrt. Finance Minister Ishaq Dar on Wednesday reiterated his claim that the real value of the US dollar is below Rs. This is the US Dollar (USD) to Indian Rupee (INR) exchange rate history summary page, detailing 180 days of USD INR historical data from Wednesday to Saturday Highest: 82.867 INR on. The increase was driven by food prices, which leapt by 14.5 per cent from a year earlier, the biggest jump since 1980, the ONS said. US Dollar (USD) to Indian Rupee (INR) exchange rate history Currency Menu Welcome to the USD INR history summary. The new data shows inflation returned to the July peak and is once again at the highest since early 1982. The consumer price index rose 10.1 per cent, compared with 9.9 per cent the previous month, the Office for National Statistics said Wednesday. The Sensex fell as much as 438 points from day's highest level and Nifty 50 index slipped below 17,500 after crossing 17,600 in morning deals.įresh weakness in rupee came after dollar strengthened against all the major currencies of the world after inflation in United Kingdom accelerated to a 40-year high in September as the soaring cost of food squeezed household budgets. Sharp fall in rupee against the US dollar also led to equity markets erasing intraday gains.
Indian rupee dropped as much as 71 paise to hit record low of 83 against the US dollar following consistent strengthening of the greenback.
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