On 15th August 1947 the exchange rate between Indian rupee and US Dollar was equal to one (i.e., 1 $= 1 Indian Rupee).
But in the first three months of 2020, netflows from equity and debt markets have already touched Rs 85,558 crore. If this trend continues due to uncertainty over Kovid-19, there may be a large inflow, which could cause the Indian rupee to weaken significantly against the US dollar.
According to economists, investors expect to face inflation in 2021. (Kitco News) With the global economy recovering next year, the US dollar will face more pressure as investors choose risky assets and the Federal Reserve will keep rates close to zero, according to analysts. .
|Sr.No.||Highest Currency in the World||In INR (in Dec 2020)|
|4||Jordanian Dinar||103.72 INR|
|3||Omani Rial||191.25 INR|
|2||Bahraini Dinar||195.32 INR|
|1||Kuwaiti Dinar||241.43 INR|
Forecasts for the Australian dollar will be revised by bank experts in 2020. … Currently, Westpac, NAB and CBA, AUD / USD are expected to be 0.7200 by the end of the year. ANZ expects it to be 0.7000.
Today's top business news: Stocks rise, rupee soars against US dollar, economic recovery hopes dashed as virus cases surge, and more. The Indian rupee averaged Rs 74.10 to a US dollar in 2020. "We expect the rupee to only trade marginally weaker in 2021, and have revised our
Forex traders said market participants are concerned that the sharp rise in coronavirus cases, with nearly 400 cases in the country, could weigh . Rupee vs Dollar: Rupee rises 6 paise to 75.60 per dollar amid positive equity market. On Tuesday, the rupee had settled at 75.66 against the .
After touching a high of 39,579.58, the BSE Sensex ended 353.84 points or 0.90 ... the encouraging sales number of motorcycles/tractors in June 2020, comes ... Indian rupee hits over 5-month high on dollar inflows; RBI eyed.
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