TRY to INR Chart

TRY to INR Analysis & Commentary

Updated on 19 April 2023

For the month of March'23, the USD to INR exchange rate was volatile as geopolitical events, financial year-end position adjustments & payments dominated the month. 

1. The rupee touched a high of 81.62 and a low of 82.80, because of the massive RBI intervention when they bought around $12.2 billion from the spot market. Read More TRY-INR Analysis

TRY to INR Historical Rate Movments

At the attainment of Independence in 1947, the Indian rupee, which was connected to the British Pound, was on par with the American currency. On India's record, there was no overseas borrowing. The government began to borrow externally in order to fund growth and welfare initiatives with the implementation of the Five-Year Plan in 1951. This called for the rupee to be devalued. India opted to follow a hard and fast rate currency regime after independence.

Between 1948 and 1966, USD to INR was at 4.79. In 1991, India faced an importan Read More TRY-INR History