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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Indian Rupee | FX:USDINR | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.1209 | 0.15% | 83.42295 | 83.4212 | 83.4247 | 83.43695 | 83.2905 | 83.2945 | 0 | 19:00:08 |
The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as strong U.S. non-farm payrolls report intensified expectations for aggressive interest rate hikes by the Federal Reserve.
Expectations for another 75 basis-point rate hike at the September meeting have grown following the data.
The Indian rupee dropped to a 4-day low of 79.59 against the greenback from Friday's close of 79.35. Immediate support for the currency is possibly seen around the 80.00 level.
1 Year US Dollar vs INR Chart |
1 Month US Dollar vs INR Chart |
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