USDINR
4:59 PM
85.0225
-0.1475 (
-0.17%)
EURINR
4:59 PM
88.3575
-0.3450 (
-0.39%)
GBPINR
4:59 PM
106.3750
-1.3325 (
-1.24%)
USDINR Option Chain calls and puts()
Calls
Puts
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OI Chart
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March 2024 Currency Market Review | Expert Analysis By Mr. Gaurang Somaiya29 March, 2024Discover why the Rupee has plunged to historic lows, influenced by the Chinese Yuan's decline and a robust Dollar Index. Explore the selling pressure impacting cross currencies amid DXY strength. Watch our video for expert insights on the Rupee's outlook and the broader picture for major currency crosses. -
March 2024 Commodities Market Review | Expert Analysis & Outlook By Mr. Manav Modi29 March, 2024Join us for a discussion on the booming Gold and Silver markets, fueled by mixed economic data and central bank actions. Explore the impact of Fed officials' comments, Dollar index volatility, and supply dynamics, including OPEC+ cuts and developments in China. Stay informed on the latest trends shaping the commodities market. -
24Kt vs 22Kt Gold: Which One Should You Buy? | Episode 1025 March, 2024Navigate the world of gold with confidence! Learn the distinctions between 24Kt and 22Kt Gold, gain essential knowledge for jewelry purchases, and learn the significance of hallmarking to ensure top-notch quality in your precious acquisitions. -
India's Gold Pricing Framework & Imports | Episode- 1113 March, 2024Learn the nuances of India's gold market by exploring the consumption and production landscape. Understand the intriguing factors that shape gold prices in a scenario where everything is imported. Know whether purchasing gold abroad during your travels offers a more cost-effective option. Gain valuable insights equipping yourself with knowledge for informed decisions in India's dynamic gold market.
Currency Market FAQs
Interest rates can affect currency rates significantly. Higher interest rates tend to attract more foreign investments, thereby increasing the demand for the domestic currency. This makes the domestic currency appreciate. Conversely, when the interest rates are lower, investors may seek better returns elsewhere, causing the domestic currency’s demand to fall and its value to depreciate.
Fundamentally, currency exchange rates represent the value of one currency in terms of another. These rates are determined by the demand and supply forces in the foreign exchange market. They are affected by many factors like economic indicators, political stability, trade balances and interest rates.
Currency exchange rates are crucial for various purposes like investments, international trade and even economic stability. They allow you to compare prices across countries, make global transactions possible and determine how economically competitive a nation is. Furthermore, exchange rates also impact inflation, tourism and FDI.
Market forces like demand and supply in the foreign exchange market primarily determine currency exchange rates. That said, central banks and governments also influence these rates indirectly through monetary policies and interest rate adjustments.
As of September 24, 2024, the Kuwaiti dinar (KWD) is the strongest currency in the world in terms of its exchange rate against the US dollar (USD). Currently, 1 KWD = 3.28 USD (or 274.12 INR). Other strong currencies in the world market include the Bahraini dinar (BHD), Omani rial (OMR) and Jordanian dinar (JOD).
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