![]() Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Fed later this week to tame record high inflation, as per analysts. Live Data Historical Data Line Chart Vote Highlight. India’s widening trade gap and capital outflows have also raised the risks for the domestic currency.įoreign Portfolio Investors (FPIs) had been selling equities in the Indian markets for the past nine-to-ten months barring the latest buying due to various reasons, including tightening of monetary policy in advanced economies, and rising dollar and bond yields in the US. Current US Dollar to Rupee Exchange Rates (All values were last updated at 05:00:01 UTC). ![]() The currency crossed the 80 level on the back of monetary policy tightening and the consequent FPI outflows from capital markets. ![]() They claimed that the commercial banks are selling dollars at Rs232 while in open market, the. The rupee has depreciated around 8% since the beginning of this year and has been hitting new record lows against the US dollar since the past few sessions. Show technical chart USD/INR chart by TradingView. According to forex dealers, the US dollar saw an increase in value by Rs1.87 and traded at Rs230.24. The Reserve Bank of India (RBI) has zero tolerance for volatile and bumpy movements in the rupee and will continue to engage with the foreign exchange market to ensure the rupee finds its appropriate level, said governor Shaktikanta Das had said last week.
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