Tag: INR

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
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
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
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
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 April 27, 2023.
Foreign currencies INR values (Change)
US Dollar 81.75
UK Pound 101.91
Dirham 22.26
Saudi Riyal 21.80
Australia Dollar 54.09
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 )

April 27, 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 April 26, 2023.
Foreign currencies INR values (Change)
US Dollar 81.77
UK pound 101.95
Dirham 22.27
Australia Dollar 54.04
Saudi Riyal 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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#Check #todays #dollar #pound #INR #exchange #rates
( With inputs from www.siasat.com )

April 26, 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 April 25, 2023.
Foreign currencies INR values (Change)
US Dollar 82.02
UK pound 101.73
Dirham 22.34
Australia Dollar 54.35
Saudi Riyal 21.87
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 )

April 25, 2023
US dollar, UK pound, Saudi riyal to INR exchange rates on April 21

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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 April 21, 2023.
Foreign currencies INR values (Change)
US Dollar 82.08
UK Pond 102.06
Dirham 22.35
Australia Dollar 54.98
Saudi Riyal 21.88
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 #INR #exchange #rates #April
( With inputs from www.siasat.com )

April 21, 2023
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on April 19

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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 April 19, 2023.
Foreign currencies INR values (Change)
US Dollar 82.11
UK Pond 101.91
Dirham 22.36
Australia Dollar 55.23
Saudi Riyal 21.89
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 #April
( With inputs from www.siasat.com )

April 19, 2023