×
Download Mobile App
Follow us on
usd and inr
April 13, 2021 Currency Exchange
1 minute, 17 seconds Read

USD-INR: Indian Rupee Hits 9 Month Low vs US Dollar

usd and inr

ORDER TYPE

Rate =
Share on FacebookShare on Google+Share on LinkedIn

On Monday, the US Dollar Indian Rupee (USD/INR) exchange rate rose for the fifth consecutive day. The pair gained 1.8 percent in the previous week, settling at 74.98 on Monday. As of 11:00 am, the USD to INR is currently trading at 75.35. On April 12, the BSE Sensex plummeted and finished in the red. As a result, the Sensex fell by 3.44 percent, or 1707.94 points. As a result, at 4:10 p.m. IST on Monday, the session ended at 47,883.38. Likewise, the NIFTY fell by 3.53 percent, or 524.05 points, to 14,310.80.

The rupee is under pressure as companies in India’s wealthiest state grapple with the country’s current stringent covid restrictions. As the number of new cases per day surpasses 168,000, India has surpassed Brazil as the country with the second-highest number of covid cases after the United States.

Maharashtra, India’s wealthiest state and home to the country’s financial hub, is at the heart of the rising COVID-19 cases. Non-essential stores, theatres, gyms, and bars have been forced to close before they have had time to recuperate from the previous nationwide lockout.

Maharashtra’s business operation accounts for roughly 15% of the country’s GDP and is critical to India’s economic recovery.

The US Dollar is currently trading higher against the Indian Rupee. The US Dollar Index, which tests the greenback against a basket of major currencies, is currently trading at 92.27, up 0.14 percent.

It is expected for Indian Rupee to depreciate further but if you are interested in knowing the yearly forecast for the currency pair, do check out our USD-INR forecast for 2021.

 

Leave a Reply

Book A Forex Order
Select Field
Select Field
Select Field
Select Field
Rate = 68.0875 Select Field

Need Forex? Request A Call Back


  • USD 1.2 Billions

    Exchanged so far


  • 6,50,000+

    Happy Customers


  • 5000+

    Banks and Money Exchangers


  • Zero Margin Rates

Testimonials

Need Forex? Request A Call Back

Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : FE.DEL.FFMC/ U070/2013 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

Same day delivery is guaranteed for orders placed before 1 pm (IST) Monday - Friday.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

BookMyForex Pvt Ltd

P-701 to P-705, 7th Floor, Tower C, JMD Megapolis, Sohna Road, Sector-48, Gurugram, Haryana 122018

© BookMyForex. All Rights Reserved

We Accept:
Secured By: