INR at its lowest, exporters and NRI gain

Indian rupee is all time low with consumer good stocks falling at all time low and FDI reducing from market, Indian government is having hard time controlling Indian rupee volatility and its further bearishness. Its not only Indian rupee, but also Australian dollar is also weakened past few days. 1 US $ is currently fetching all time high of INR 55 today, 21st may, 2012. Exporters and NRI who remit foreign currency are the ones to ride on this bearish market. US dollar value today is INR 55 and in coming days, it may still rise to INR 57.

today US dollar value

Today US $ value is above INR 53 per unit, touching almost Rs. 54 at its highest. The weakening if Indian rupee is due to huge dependency of foreign investments which is quite a huge part in indian economy. Also exchange rates are dependent on buy/sell goods and conversion country's economy. Likely hints and statements from governing regulatory like RBI India can affect sensex. About 20% of sensex is decided by 2 major indian companies, Reliance and Infosys.

Weakening of rupee is majorly governed by sensex rise fall. This rise has badly affected imports of crude oil as they are traded in US dollars. Beneficiary are export products but india relies more on import than export till now.

US dollar value fluctuating

US dollar value is fluctuating a lot last 1 month and it has gradually risen by 5% and we hope it rises by another 5 % equalling Indian rupees to 45. The rise and fall in US dollar directly affects other currencies of the world. I have to deal with Omani rials and dollar decides its exact value. More the value of US dollar, more i get for Omani rials. even other world currencies like Euro, pounds, Indian rupee, etc. depend on US dollar. But past few months, i have seen Australian and Canadian dollar almost equalling US dollar. There were times when AUS and CAD $ 's where 60 % of US $ but they are almost equal. The bad US politics has surely affected US $.

The rising dollar value

Dollar is gradually recovering. I last time put the dollar value as
1 US $ = INR ~41

Today i see the value is 1 US $ = INR 42.36 ! great, the currency value is rising gradually. I suppose dollar in a months time by max. will hit as much as Rs. 45. This is certainly some good news for exporters and webmasters also.

The value of dollar

Dollar has seen several ups and downs lately and that is the main purpose of creating this blog. I will be writing about US dollar related news. Lately, dollar has seen a bit of rise after it heavily fell past 3 years. It has fall by as much as 40 % in past 5 years. To keep you updated with its value from time to time and a bit of analysis, i have started this blog. Current value of dollar against INR is 1 US dollar = Rs. 42. Keep coming for more dollar value news.