Naturally, supplies have been disrupted and prices spiked.

Russia is the world's second-biggest crude oil exporter. The Ukraine war is a significant factor in the Rupee’s decline. This is how the superiority got established, and the gap kept widening.

We need to buy more dollars from banks that represent a small unit in the vast foreign exchange market. The dollars we get from the US are less than what we need to pay them for their goods. Our imports from the US are more than what we export there. When a commodity’s demand is high, its value will be more. – Trade with other countries in that currency List of Few World Currencies where Indian Currency is StrongerĨ.This leads us to two more questions: Why has the US Dollar always been stronger than the Rupee-just rewind to the time when you started following the news-and why has the gap been widening? THE WIDENING GAP – Central Bank’s Interest Rate (In India, it is RBI’s interest Rates) For example, an interbank exchange rate of 49.90 INR to the New Zealand Dollar means that ₹49.90 will be exchanged for each 1 NZ$ or that 1 NZ$ will be exchanged for each ₹49.90. Source: xe.com (Rates as on 18th Dec 2022)Ĭurrency exchange rate is the value of one country’s currency with respect to other currency or the rate at which one currency will be exchanged for another. Asian Currencies vs Indian Currency Exchange Rate Country There may be variance in rates and prices. So, we have compiled a list of all major currencies and compared them with the current currency exchange rate in India.ĭ isclaimer: The currency rates are sourced from Xe.com, Google and BookMyForex rate Chart. As it will help you in making a wise decision when you want to buy or sell Indian Rupees. So, it is extremely important for a regular traveller outside India or if you are a Non-Resident Indian (NRI) to compare the currency rate in India with other world currencies. In the last few quarters, Indian Rupee has lost value against the likes of USD but has also gained against other currencies.

All currency in rupees