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1 USD to INR Quick Look.
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North American Edition.
The dollar has been trading mostly softer amid uncertainties about the tax reform bills prospects after Republican Senator Marco Rubio threated to vote against the bill, joining his GOP colleague, Mike Lee, in demanding that a child tax credit for . Read More ▶
European Edition.
The dollar has traded mixed in mostly narrow ranges so far to day, with liquidity much reduced this week as holidays loom and participants wind down ahead of the new year. USD-JPY saw some chop, dipping to a 112.44 low in early dealings before . Read More ▶
Asian Edition.
The dollar headed broadly higher in N. Y. trade on Friday, largely buoyed by improved hopes that the U. S. congress would agree on a tax reform bill. Incoming data had little impact, as the Empire State index missed the mark a bit, while industrial . Read More ▶
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USD - US Dollar.
Our currency rankings show that the most popular United States Dollar exchange rate is the USD to EUR rate. The currency code for Dollars is USD, and the currency symbol is $.
INR - Indian Rupee.
Our currency rankings show that the most popular India Rupee exchange rate is the USD to INR rate. The currency code for Rupees is INR, and the currency symbol is ₹.
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Convert United States Dollar to Indian Rupee.
USD US Dollar.
The U. S. dollar is the currency most used in international transactions. Several countries use the U. S. dollar as their official currency, and many others allow it to be used in a de facto capacity. It's known locally as a buck or greenback .
INR Indian Rupee.
In different parts of India, the currency is known as the rupee , roopayi, rupaye, rubai or one of the other terms derived from the Sanskrit rupyakam. The most commonly used symbols for the rupee are ₹, Rs and Rp.
US Dollar to Indian rupee exchange rates.
From ancient currency through to its British colonial roots, the Indian rupee has an interesting past against the US dollar.
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Exchange rates last updated Friday, 15 December 2017 11:13:40 AM EST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online sell rate will be used for conversions from US Dollars to a foreign currency.
The latest on USD to INR exchange rates.
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The lowdown on the Indian Rupee.
Currency in India can be traced all the way back to the 6th century BC, when Ancient India was home to some of the oldest coins in the world. The Hindi word rupaya comes from the Sanskrit word rūpya meaning ‘a coin of silver’, eventually leading to the Indian rupee currency.
The British settlements across India meant that there were often different rupee coins used in different regions of the country; the Coinage Act of 1835 put a stop to all that, making sure that there was just one uniform currency in use across the country.
In 1911, a coin was made in honor of the new King-Emperor George V that accidentally became known as the ‘pig rupee’. On the coin the King appeared wearing the chain of the Order of the Indian Elephant, but bad engraving actually made the elephant look like a pig instead, enraging the Muslim population and leading to its redesign.
The modern design of the rupee sign (₹) that was officially adopted in 2010 had a lot of thought going into it. Based on a combination of both the Devanagari letter ‘₹’ and the Latin capital letter ‘R’, the parallel lines at the top show the tricolor design of the Indian flag, as well as representing an equals sign that symbolizes India’s desire to reduce economic inequality.
The first series of coins with the rupee symbol was launched on 8 July 2011. The word ‘rupee’ and the amount is written on the front of Indian banknotes in both Hindi and English, whilst the name is listed on the back in 15 other Indian languages.
A look back at US Dollar to Indian Rupee rates.
From the Great Recoinage of 1816 all the way up until the First World War in 1914, the Indian rupee was at par with the US dollar and pegged to the British pound at a rate of ₹4.80 to £1, or £0.50 to ₹1.
After the war, the rupee and the pound both declined against the US dollar, thanks to deficits in everything from trade to capital and budget.
After India’s independence from Britain in 1947, India chose to adopt a fixed rate currency scheme and the rupee was pegged at 4.79 to 1 dollar between 1948 and 1966.
By 1966, two wars (one with China in 1962 and one with Pakistan in 1965) led to a huge deficit on India's budget and forced the government to devalue the rupee to ₹7.57 against the dollar.
The modern rupee.
By 1996 this had risen substantially all the way to ₹35.44 to $1, hitting ₹44.20 by the year 2000. The Indian rupee has continued to steadily rise against the US dollar ever since, reaching ₹63.58 by July 2015.
These days, the Indian rupee exchanges with the US dollar under a de facto controlled exchange rate, known as a ‘managed float’. This means that the Reserve Bank of India will routinely trade in the forex market using USD/INR to make sure that the exchange rate remains stable and at a low volatility.
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Forex us dollar to indian rupee
Convert your desired amount of US Dollar to Indian Rupee with this easy to use conversion tool.
The US Dollar is the official currency of United States and the symbol for it is USD. If you are looking to send money to United States use our conversion links below to see what your money would be worth at todays US Dollar exchange rate.
US Dollar News.
The official exchange rate of Uzbekistan's sum against USD depreciated by 8,62 sums to 8101,62 sums, according to the Central Bank of Uzbekistan, which released the rates for Dec.19. The official exchange rate of the sum against euro increased by 3.62 sum .
The Pound ultimately lost ground to the US Dollar last week, owing to high uncertainty about Brexit. The GBP/USD exchange rate opened in the region of 1.3394 on Monday, later closing down lower at 1.3324 late on Friday. The week’s best pairing exchange .
Mumbai: The Indian rupee on Monday closed lower against the US dollar after Bharatiya Janata Party (BJP) managed to win fewer-than-expected seats in both Gujarat and Himachal Pradesh assembly elections. The home currency closed at 64.23 a dollar .
While Bitcoin is on a constant rise, the US Dollar and the British Pound await central banks . in the markets rather than solely redirect investors from the equity and currency markets. The investor span has widened, but if prices continue to gain .
If the US dollar amount increases in this pairing . Why do raised interest rates boost a currency’s value? Interest rates are key to understanding exchange rate movements. Those who have large sums of money to invest want the highest return on their .
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