Overall, with RBI's absence, the rupee is going to test new lows in the short term and we expect the currency to weaken up to 81.80 and 82.00 levels in the near term,' CR Forex Advisors said in a note. “Historically, whenever a big figure in rupee has been taken out, a move of 2.5 rupees an average has been seen within one month of breakout. And Indian benchmark gauge Sensex fell 600 points in early trade.Īnalysts see the possibility of further weakness in rupee. equities declined overnight, with S&P 500 Index falling to its lowest level in over two months. All the currencies made drastic fall v/s US dollar expecting Fed to be more aggressive to raise interest rates up to 4.6% this year,' said CR Forex Advisors in a note. “Circumstances have changed as globally the volatility into the forex market post the Fed meeting has peaked to the highest. Treasury yield overnight climbed above 3.70% and the two-year yield reached a high of 4.16%.

To calculate foreign currency exchange rates for tax. It will be interesting to watch RBI monetary policy next week as it comes up with some tools to smoothen the liquidity and talks about the current run in the currency and falling reserves,' CR Forex Advisors said in a note. Exchange rate information for foreign currencies and their U.S. RBI's intervention in the spot market could make the case worst for the banking system liquidity amid short-term interest rates going higher. EURO AND JAPANESE YEN (calendar Year – Annual Average)ģ.“One of the reasons that RBI couldn’t rescue the fall in the currency was inadequate liquidity in the banking system which is currently in deficit. > Handbook of Statistics on the Indian Economy -> Part I -> Annual Series -> Trade & Balance of Payments -> Table 147 – EXCHANGE RATE OF THE INDIAN RUPEE VIS-À-VIS THE SDR, US DOLLAR, POUND STERLING, D. Information regarding USD-INR rate for the period 1970-71 to 2013-14 is available on: Que – Please provide the details of Exchange Rate value of INR against USD dollar from the year 1947 till date.Īns – Information regarding USD-INR rates for the period 1945-46 – 1970-71 is available at the following link: Exchange Rate – 1945-1971Ģ.

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