Rupee vs Dollar: Currency Exchange Rate Today, November 16, 2022
The rate of the Rupee against the Dollar has devalued quite a bit in the past year alone. Read on to find out the latest rates
The rate of the Rupee (₹) against the Dollar ($) has depreciated a lot in the ongoing financial year due to various economic reasons such as the ongoing Ukraine-Russia war, rapidly rising inflation worldwide and the Fed hiking interest rates in the United States of America. The Dollar to INR exchange rates fluctuates every few hours depending on a multitude of factors like the level of international trade between countries, demand for the currencies, currency traders who constantly sell and purchase currencies to make a profit, etc. However, the value of the Rupee has also somewhat recovered in the past few weeks.
November 16: Dollar to INR Exchange Rate Today
At the time of writing this article on November 16, 2022, the rate of the Dollar to INR is ₹81.34 for $1. Just a few weeks ago, the rate of the Rupee against the Dollar had crossed its highest-ever exchange rate at more than ₹83. This rise in the exchange rate is not just happening for the Rupee but for many currencies across the world, as the value of the Dollar has been skyrocketing compared to other due to the global economic instability and rising Fed interest rates in the US. Some Indian and international financial experts have predicted that if the rate of the Rupee continues to fall at the same speed, the value of the Dollar to INR could fall down to even ₹84 or even ₹85 in the near future.
Exchange Rate Of Other Currencies Against The Rupee
While we’ve looked at the rates of the Rupee against the Dollar, let’s also take a look at the exchange rate of other currencies against the Rupee, as on November 16, 2022:
Euro to INR: The rate of Euro to INR is 1 Euro for ₹84.47, as of November 16, 2022.
British Pound: The rate of British Pound to INR for 1 British Pound is ₹96.43, as of November 16, 2022.
Australian Dollar: The rate of Australian Dollar to INR for 1 Australian Dollar is ₹55.04, as of November 16, 2022.
Canadian Dollar: The rate of Canadian Dollar to INR for 1 Canadian Dollar is ₹61.30, as of November 16, 2022.
Singapore Dollar: The rate of Singapore Dollar to INR for 1 Singapore Dollar is ₹59.41, as of November 16, 2022.
Swiss Franc: The rate of Swiss Franc to INR for 1 Swiss Franc is ₹86.20, as of November 16, 2022.
Japanese Yen: The rate of Japanese Yen to INR for 1 Japanese Yen is ₹0.58, as of November 16, 2022.
Chinese Yuan: The rate of Chinese Yuan to INR for 1 Chinese Yuan is ₹11.49, as of November 16, 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.