The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Sub unit symbol:
$1, $5, $10, $20, $50, $100
1c, 5c, 10c, 25c, 50c
The rupee is the official currency of India, the seventh-largest economy measured by GDP and the fastest growing economy in the world. Banknotes display 15 languages, including Bengali, Kashmiri, Punjabi and Sanskrit. While many think that the rupee is made of paper, it’s actually composed of cotton and rag.
Sub unit symbol:
₹1, ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹500, ₹2000
50 paise, ₹1, ₹2, ₹5, ₹10
How does the US dollar trade against the Indian rupee historically?
Over the last two decades, barring a few exceptions, the USD has continued to rise in value when compared to the INR. Post-liberalization in 1993 dropped the rupee further and left it trading at INR 42 to the USD. The USD to INR exchange rate hovered in between INR 42 and INR 49 from August 1998 to May 2007.
The American subprime mortgage crisis resulted in the USD losing value against most currencies, and by October 2007 the value of the USD dropped to INR 39.36. The crisis was not isolated to the US, and affected other currencies as well. In March 2009, the USD valued at INR 51.13, a then historic high.
Until mid 2011 the USD valued in between INR 44 and INR 50. It then began increasing in value quickly. It is during this time that investors became aware of investing in BRIC nations (Brazil, Russia, India and China), and in 2013 the US Federal Reserve announced its plan of reducing purchases of foreign bonds. While this never really happened, the announcement lead to investors withdrawing from emerging economies like India.
By September 2013 the USD increased in value to INR 63.64. Between 2013 and mid 2014 the USD lost a little ground, mainly because of a new government in India and continuation of the US Federal stimulus program. The USD recovered and gained against all major currencies at the end of 2014, a first since the turn of the century. In recent times, value of the USD has hovered in between INR 64 and INR 66.
US Dollar to the Indian Rupee for the last 10 years
1 USD =
US Dollar to the Indian Rupee for the last 10 months
1 USD =
US Dollar to the Indian Rupee for the last 10 days
1 USD =
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Market rate for common transfer amounts USD to INR
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