![]() As prices rise, the purchasing power of currency declines. Inflation is an economic scenario where prices of generally used goods and services rise over an extended period of time. Here are some of the key factors that determine the exchange rate between rupees and dollars: List of factors impacting Rupee-Dollar exchange rate For instance, the Rupee-Dollar exchange rate is represented as USD/INR. The global forex market is very large and highly liquid, with large-scale transactions taking place on a daily basis.Ĭurrency exchange rates always involve two currencies at a time, one being exchanged for the other. Currency exchange rates also impact foreign exchange trading or forex trading. The U.S dollar is one of the standard currencies accepted globally for the trading of commodities. ![]() So, how is this exchange rate determined and what are the factors that affect this exchange rate? Here is all you need to know. This means every 1 U.S Dollar will fetch 82 Indian Rupees. As of April 2023, the Rupee-Dollar exchange rate is $1= Rs.
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