![]() ![]() A relief on the rupee front can only be seen if the dollar index cools off," Trivedi said. "I look at the rupee continuing its downward journey as the dollar rise is a major risk to prices. How much is 299.00 the two hundred ninety-nine us dollars is worth 24,507.68 (INR) today or twenty-four thousand five hundred seven indian rupees. Going forward, we might see the rupee spot weakening towards 77.8 levels," Joseph said. "Meanwhile, RBI's off cycle meeting on 4th May did little to strengthen the Rupee. "We expect the USDINR (Spot) to trade with a positive bias and quote in the range of 77.20 and 77.80," Somaiya said. Crude prices have also been rising for a month now, making the rupee even weaker." RUPEE TO DOLLAR 1 USD to INR - Convert US Dollars to Indian Rupees Xe Currency Converter Convert Send Charts Alerts Amount 1.00 From USD US Dollar To INR Indian Rupee 1.00 US Dollar 81.71 4365 Indian Rupees 1 INR 0.0122378 USD We use the mid-market rate for our Converter. USD to INR - Todays Best Exchange Rate for US Dollars to Indian Rupees SBI California Exchange Rate 3 Reviews 81.30 0.00 Wo Transfer (HK) Limited. Somaiya further said that this week, the focus will be on inflation data from India and the US.Īccording to Jateen Trivedi, Senior Research Analyst at LKP Securities, "Dollar staying above USD 104 indicates FII's aggressively exiting from emerging markets, the higher volatility index indicates no trend is sustainable and due to higher inflation, aggressive liquidity squeeze from central banks pressures rupee altogether. ![]() DOMESTIC INFLATIONĮlevated crude prices and rising domestic inflation, well above Reserve Bank of India's (RBI) upper band, might prompt further FII selling from domestic securities, Joseph elaborated. Equity markets witnessed a sharp sell off as real rates in the US turned positive and investors turned risk averse evaluating the need for a higher rate hike to tame inflation going forward, Joseph said. ![]()
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