The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on May 7, 2023.
Foreign currencies INR values (Change) US Dollar 81.72 UK pound 103.23 Dirham 22.25 Australia 55.18 Saudi Arabia 21.79 Factors that affect exchange rates Following are some of the factors that affect exchange rates.
Inflation Interest rates Flow of capital Liquidity Current Account Deficits Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
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