Tag: Exchange

US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on May 7

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on May 7, 2023.
Foreign currencies INR values (Change)
US Dollar 81.72
UK pound 103.23
Dirham 22.25
Australia 55.18
Saudi Arabia 21.79
Factors that affect exchange rates

Following are some of the factors that affect exchange rates.
Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.

Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
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#dollar #pound #Saudi #riyal #Dirham #Aus #dollar #INR #exchange #rates
( With inputs from www.siasat.com )

May 7, 2023
India’s foreign exchange reserves rise to $588.78 billion

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New Delhi: India’s foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.
As per the data, India’s foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion.
During the week ending April 21, the country’s foreign exchange reserves had fallen by $2.164 billion to $584.248 billion.

Incidentally in October 2021, the country’s forex reserves had reached an all-time high of $645 billion.
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#Indias #foreign #exchange #reserves #rise #billion
( With inputs from www.siasat.com )

May 5, 2023
SBI to exchange INR to SAR for Hajj pilgrims

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Hyderabad: The Haj Committee of India has recently announced that they will no longer be providing 2100 riyals to the hajj pilgrims for the 2023 Hajj season. Instead, the pilgrims will have to arrange the riyals on their own for their travel expenses while in Saudi Arabia. The Chief Executive Officer of the Haj Committee of India, Mohammad Yaqoob Shaikh, has written to all state Haj committees, advising them to inform the pilgrims about the purchase of riyals on their own.
According to Shaikh, each pilgrim will be allowed to carry a maximum of 1500 Saudi riyals. If any pilgrim carries more than the allowed amount, they will be subject to the rules and regulations of the Reserve Bank of India and customs officials. Meanwhile, the Ministry of Minority Affairs has selected the State Bank of India to provide Riyal to the pilgrims. The supply and insurance of Saudi Riyal will also be done by SBI.
SBI will make arrangements for the supply of riyals to the pilgrims, which will be available at Hajj training camps and application points. The bank will also appoint a nodal officer for each state to oversee the arrangements for the supply of riyals. The state Hajj committees will guide the pilgrims regarding the purchase of riyals.

In addition to the new policies regarding riyals, sub-committees comprising members of the Hajj Committee have been formed for effective arrangements during the Hajj camp. These committees will be responsible for food, transport, maintenance, and volunteers. Two members of the Hajj Committee have been included in each committee to ensure that the pilgrims are provided with the best possible facilities and services.
The Haj Committee of India has been working to ensure that all aspects of the Hajj pilgrimage are properly taken care of, and these new policies are just one step towards that goal.
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#SBI #exchange #INR #SAR #Hajj #pilgrims
( With inputs from www.siasat.com )

May 5, 2023
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on May 3

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on May 3, 2023.
Foreign currencies INR values (Change)
US Dollar 81.75
UK Pound 102.53
Dirham 22.26
Australia 54.55
Saudi Arabia 21.80
Factors that affect exchange rates

Following are some of the factors that affect exchange rates.
Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.

Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
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#dollar #pound #Saudi #riyal #Dirham #Aus #dollar #INR #exchange #rates
( With inputs from www.siasat.com )

May 3, 2023
Oppo F21s Pro 5G (Starlight Black, 8GB RAM, 128 Storage)|6.43″ FHD+ AMOLED|64MP Rear Triple AI Camera|4500 mAh Battery with 33W SUPERVOOC Charger|with No Cost EMI/Additional Exchange Offers

Price: [price_with_discount]
(as of [price_update_date] – Details)

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Oppo F21s Pro 5G (Starlight Black, 8GB RAM, 128 Storage)|6.43" FHD+ AMOLED|64MP Rear Triple AI Camera|4500 mAh Battery with 33W SUPERVOOC Charger|with No Cost EMI/Additional Exchange Offers
Ultra-slim Retro Design with Dual Orbit Lights around Camera module for Notifications
64MP Triple Camera ( 64MP Main + 2MP macro + 2MP monochrome ) with AI Color Portrait and Dual View Video , 16MP Front Camera
Big 4500 mAh Battery with 33W SUPERVOOC Charging
Memory, Storage & SIM: 8 GB RAM (+ RAM expansion up to 5GB) | 128 GB ROM | Expandable Upto 1TB | Dual 5G Sim Slot + Micro SD

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May 3, 2023
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on May 2

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on May 2, 2023.
Foreign currencies INR values (Change)
US Dollar 81.73
UK Pound 102.16
Dirham 22.26
Australia 54.19
Saudi Arabia 21.79
Factors that affect exchange rates

Following are some of the factors that affect exchange rates.
Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.

Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
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#dollar #pound #Saudi #riyal #Dirham #Aus #dollar #INR #exchange #rates
( With inputs from www.siasat.com )

May 2, 2023
Oppo A17k (Blue, 3GB RAM, 64GB Storage) with No Cost EMI/Additional Exchange Offers

Price: [price_with_discount]
(as of [price_update_date] – Details)

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Oppo A17k (Blue, 3GB RAM, 64GB Storage) with No Cost EMI/Additional Exchange Offers
3 GB RAM (Up to 4GB Extended RAM)| 64 GB ROM | Dual Sim Slot + Micro SD with MediaTek P35 processor and long lasting 5000 mAh Battery
5MP Front Camera | 8MP Rear Camera

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May 2, 2023
New York Stock Exchange exec mulling Michigan Senate bid

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Tuttle is only in the early stages of exploring a run. But his interest comes as Republicans have so far struggled to field any serious contenders for the seat. Democrats, meanwhile, have united quickly behind Rep. Elissa Slotkin, a strong fundraiser who ousted an incumbent GOP representative in 2018. Her launch spooked a slew of other prominent Michigan Democrats out of the race, though a handful of other potential candidates are still considering jumping in. The state went for President Joe Biden in 2020 but former President Donald Trump won it in 2016.
With his work based in Manhattan, Tuttle splits his time between New York City and Michigan. He is from Milford, Mich. in Oakland County and maintains deep ties to the state. He was the commencement speaker last year at Eastern Michigan University, his alma mater.
Tuttle, 41, has considered a run for Congress in the past. And he’s been somewhat politically active too. In his role as president of the NYSE Institute, he hosted Speaker Kevin McCarthy in April on Wall Street when he visited the stock exchange to give a speech on the debt limit. Tuttle conducted a brief question-and-answer session with McCarthy afterward.
A timeline for Tuttle’s decision was not clear. But he has spoken with Republicans in D.C. and Michigan about a possible run and the National Republican Senatorial Committee has shown interest in his candidacy.
“John Tuttle is a strong potential recruit in Michigan,” NRSC Chair Steve Daines (R-Mont.) said.
GOP Rep. John James, who won a Michigan House battleground seat last fall, declined to make a third run for Senate in 2024. (He lost to Stabenow in 2018 and Democratic Sen. Gary Peters in 2020.) Former Republican Rep. Peter Meijer is considering a run. Meijer lost his Grand Rapids-based House seat in 2022 after voting to impeach Trump, which could also be a liability in any Senate primary. Another potential GOP candidate is Kevin Rinke, who lost a primary bid to be the Republican nominee against Gov. Gretchen Whitmer in 2022.
While Tuttle would have the funds to support a campaign and a major network of potential donors to tap, he is a political neophyte. Senate Republicans have actively been looking to recruit candidates who have fundraising prowess or large personal wealth after being vastly outraised by Democrats in the midterms.
Through his work, Tuttle knows former Sen. Kelly Loeffler (R-Ga.) and her husband, Jeffrey Sprecher, who is CEO of the parent company of the New York Stock Exchange. Loeffler joined the Senate in 2020 after she was appointed by Georgia Republican Gov. Brian Kemp. But she lost to Democrat Raphael Warnock in a runoff election the following year, under attacks that her personal wealth made her disconnected from the needs of the state.

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#York #Stock #Exchange #exec #mulling #Michigan #Senate #bid
( With inputs from : www.politico.com )

May 1, 2023
Check today’s US dollar, UK pound, & other INR exchange rates

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on May 1, 2023.
Foreign currencies INR values (Change)
US Dollar 81.75
UK Pound 102.64
Dirham 22.26
Australia 54.10
Saudi Arabia 21.79
Factors that affect exchange rates

Following are some of the factors that affect exchange rates.
Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.

Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
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#Check #todays #dollar #pound #INR #exchange #rates
( With inputs from www.siasat.com )

May 1, 2023
Oppo A17k (Navy Blue, 3GB RAM, 64GB Storage) with No Cost EMI/Additional Exchange Offers

Price: [price_with_discount]
(as of [price_update_date] – Details)

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Oppo A17k (Navy Blue, 3GB RAM, 64GB Storage) with No Cost EMI/Additional Exchange Offers
3 GB RAM (Up to 4GB Extended RAM)| 64 GB ROM | Dual Sim Slot + Micro SD with MediaTek P35 processor and long lasting 5000 mAh Battery
5MP Front Camera | 8MP Rear Camera

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#Oppo #A17k #Navy #Blue #3GB #RAM #64GB #Storage #Cost #EMIAdditional #Exchange #Offers

April 29, 2023

Foreign currencies	INR values (Change)
US Dollar	81.72
UK pound	103.23
Dirham	22.25
Australia	55.18
Saudi Arabia	21.79