Inter-bank market rates for dollar on Thursday An energy standoff between European nations and Russia focused investors minds on how tight fuel supply may become. Meanwhile, oil prices, a key determinant of currency parity, rose nearly $1 per barrel on Thursday after dropping through key technical support levels in the previous session. The US dollar index, which measures the greenback against six major peers, edged up 0.04% to 109.73, after a peak of 110.79 on Wednesday, a level not seen since June 2002. Globally, the dollar continued to gain strength and hovered near a two-decade high hit in the previous session as investors looked for fresh insight on the global monetary tightening path from a European Central Bank rate decision and comments from the head of the Federal Reserve. “Moreover, after the International Monetary Fund (IMF) funding, flows from other creditors are also in the offing which will improve the liquidity position and reduce pressure on the rupee,” he said. The analyst said pressure on rupee would ease if oil prices drop below $80 per barrel. This is also having an impact as speculation has increased in the market,” Naseer told Business Recorder. “There is also some import pressure, as the country is importing edible items in the wake of floods. Umair Naseer, Head of Research at Topline Securities, highlighted that the dollar is strengthening against other currencies as well. Additionally, a surge in demand for the foreign currency in the local market, led by pressure from import payments, has added to rupee's weakness. The decline has been attributed to a number of factors including a strengthening dollar in the international market. Change from previous month is 0.On Wednesday, the rupee had registered a loss for the fourth successive session to close at 223.42 after declining by Rs2 or 0.9% against the greenback. Expected rate for Jul’23 is 78.27 India Rupees.
Change from previous month is 0.00%įorecast for Jul’23: Expected low and high USD to INR forecast rate is 76.17 - 80.38 India Rupees respectively. Expected rate for Jun’23 is 78.27 India Rupees. Change from previous month is -2.42%įorecast for Jun’23: Expected low and high USD to INR forecast rate is 76.17 - 80.38 India Rupees respectively. Expected rate for May’23 is 78.27 India Rupees. Change from previous month is 0.00%įorecast for May’23: Expected low and high USD to INR forecast rate is 76.17 - 80.38 India Rupees respectively. Expected rate for Apr’23 is 80.21 India Rupees. Change from previous month is 0.00%įorecast for Apr’23: Expected low and high USD to INR forecast rate is 79.37 - 81.06 India Rupees respectively. Expected rate for Mar’23 is 80.21 India Rupees. Change from previous month is 0.56%įorecast for Mar’23: Expected low and high USD to INR forecast rate is 79.37 - 81.06 India Rupees respectively. Expected rate for Feb’23 is 80.21 India Rupees. Change from previous month is -1.28%įorecast for Feb’23: Expected low and high USD to INR forecast rate is 79.37 - 81.06 India Rupees respectively. Expected rate for Jan’23 is 79.76 India Rupees. Change from previous month is 0.00%įorecast for Jan’23: Expected low and high USD to INR forecast rate is 79.6 - 79.93 India Rupees respectively. Expected rate for Dec’22 is 79.76 India Rupees.
Change from previous month is 0.41%įorecast for Dec’22: Expected low and high USD to INR forecast rate is 79.6 - 79.93 India Rupees. Expected rate for Nov’22 is 79.76 India Rupees. Change from previous month is 0.00%įorecast for Nov’22: Expected low and high USD to INR forecast rate is 79.6 - 79.93 India Rupees respectively.
Expected rate for Oct’22 is 79.43 India Rupees. Change from previous month is 0.00%įorecast for Oct’22: Expected low and high USD to INR forecast rate is 79.27 - 79.6 India Rupees respectively. Expected rate for Sep’22 is 79.43 India Rupees. Change from previous month is 0.00%įorecast for Sep’22: Expected low and high USD to INR forecast rate is 79.27 - 79.6 India Rupees respectively. Expected rate for Aug’22 is 79.43 India Rupees. Next 12 Months USD To INR Forecast for 2022-23 Month/Yearįorecast for Aug’22: Expected low and high USD to INR forecast rate is 79.27 - 79.6 India Rupees respectively.
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