BestExchangeRates India - Compare & Save on Foreign Exchange

21 SepThe Indian rupee (INR) has been experiencing a steady depreciation against the US dollar (USD) in line with most currencies. This has been driven by concerns over rising energy prices, which could lead to inflation and potentially prompt interest rate hikes. As India is the third-largest consumer of oil globally and relies heavily on imports, higher crude prices tend to contribute to domestic inflation. The recent OPEC+ decision in April 2023 to cut oil production has further impacted the rupee. The INR to USD exchange rate has been relatively stable, trading within a range of 1.9% from 0.011991 to 0.012223 and currently standing at 0.012025, just 0.7% below its three-month average of 0.012109.

Moving on to the INR to EUR exchange rate, it has been showing strength, trading at 0.011300, which is 1.8% higher than its three-month average of 0.011097. This exchange rate has displayed a relatively stable range of 4.4% from 0.010829 to 0.011306. Meanwhile, against the GBP, the INR has reached 90-day highs near 0.009806, positioning itself 2.9% above its three-month average of 0.009533. The INR to GBP pair has traded within a stable range of 5.6%, spanning from 0.009283 to 0.009806. Lastly, the INR to JPY exchange rate is currently at 1.7782, surpassing its three-month average of 1.7445 by 1.9%. This currency pair has experienced a relatively stable range of 6.1%, fluctuating from 1.6831 to 1.7859.