Dollar To INR Exchange Rate Today: November 21, 2022
The Dollar to INR exchange rate keeps changing every few hours or even minutes depending on the Forex market. Check Latest rates
When it comes to international trade between different countries, the idea of the exchange rate of currencies becomes very important. The exchange rate is simply the relative price of one currency compared to the value of another currency. On an international level, currencies are generally compared to the value of the Dollar, in order to determine their value at any given time. Moreover, the exchange rate between currencies, like to Dollar to the INR exchange rate, keeps changing constantly depending on the foreign exchange (Forex) market conditions and other factors. Over the past few months, the value of the Rupee has depreciated a bit compared to the Dollar.
November 21, 2022: Dollar to INR Exchange Rate Today
At the time of writing this article on November 21, 2022, the exchange rate of Dollar to INR is ₹81.81 for $1. Back in October 2022, the value of the Rupee had dropped to its lowest against the Dollar at more than $83 for $1. One of the main reasons for this depreciation in the value of the Rupee is the Federal Reserve in the United States started increasing interest rates. Other major factors that have contributed to this include rising levels of inflation in India and many countries across the globe as well as unstable economic conditions along with the ongoing war between Russia and Ukraine. Some that the Rupee might drop even lower to ₹84 for $1 in the future.
Exchange Rate Of Other Currencies Against The Rupee
Now that we’ve looked at the rates of the Rupee against the Dollar, let’s also take a look at the exchange rate of other the Rupee against other major international currencies, as on November 21, 2022:
Euro to INR: The rate of Euro to INR is 1 Euro for ₹84.04, as of November 21, 2022.
British Pound: The rate of British Pound to INR for 1 British Pound is ₹96.69, as of November 21, 2022.
Australian Dollar: The rate of Australian Dollar to INR for 1 Australian Dollar is ₹54.34, as of November 21, 2022.
Canadian Dollar: The rate of Canadian Dollar to INR for 1 Canadian Dollar is ₹60.98, as of November 21, 2022.
Singapore Dollar: The rate of Singapore Dollar to INR for 1 Singapore Dollar is ₹59.34, as of November 21, 2022.
Swiss Franc: The rate of Swiss Franc to INR for 1 Swiss Franc is ₹85.55, as of November 21, 2022.
Japanese Yen: The rate of Japanese Yen to INR for 1 Japanese Yen is ₹0.58, as of November 21, 2022.
Chinese Yuan: The rate of Chinese Yuan to INR for 1 Chinese Yuan is ₹11.42, as of November 21, 2022.
Disclaimer: All of the exchange rates mentioned in the article have been recorded at the time of writing and are subject to change in the future.