Rupee vs Dollar Today: USD To INR Exchange Rate: October 28, 2022

The value of Rupee against the Dollar has depreciated rapidly in the past year due to various reasons, including the ongoing war between Ukraine and Russia, swiftly rising inflation in many countries across the world, and the Fed hiking interest rates in the United States. It is also important to note that the Dollar to Rupee exchange rates also keeps changing every day and every hour, depending on various factors like the level of international trade between countries, the demand for these currencies, and currency traders who make very frequent trades in order to make a profit.

The value of Rupee against the Dollar has depreciated rapidly in the past year due to various reasons, including the ongoing war between Ukraine and Russia, swiftly rising inflation in many countries across the world, and the Fed hiking interest rates in the United States. It is also important to note that the Dollar to Rupee exchange rates also keeps changing every day and every hour, depending on various factors like the level of international trade between countries, the demand for these currencies, and currency traders who make very frequent trades in order to make a profit.

At the time of writing this article on October 28, 2022, the rate of Dollar to INR is ₹82.43 for $1. Just a few days ago, the rate of the Rupee against the Dollar had crossed its highest-ever exchange rate at ₹83. This depreciation of the currency is not just happening in India but across many countries in the world. The value of the Dollar has skyrocketed in the past few months compared to the value of other countries’ currencies due to the unstable economic environment, rising interest rates in the United States by the Fed, and rising inflation across the world. Many financial experts predict that if the value of the Rupee against the dollar keeps depreciating at the same rate, it could go down to ₹84 or even ₹85 for $1.

While we’ve looked at the rates of the Rupee against the Dollar, let’s also take a look at the exchange rate of other currencies against the Rupee, as on October 28, 2022:

Euro to INR: The rate of Euro to INR is 1 Euro for ₹82.88, as of October 28. 

British Pound: The rate of British Pound to INR for 1 British Pound is ₹94.95, as of October 28. 

Australian Dollar: The rate of Australian Dollar to INR for 1 Australian Dollar is ₹52.93, as of October 28.

Canadian Dollar: The rate of Canadian Dollar to INR for 1 Canadian Dollar is ₹60.61, as of October 28.

Singapore Dollar: The rate of Singapore Dollar to INR for 1 Singapore Dollar is ₹58.39, as of October 28.

Swiss Franc: The rate of Swiss Franc to INR for 1 Swiss Franc is ₹82.88, as of October 28.

Japanese Yen: The rate of Japaese Yen to INR for 1 Japanese Yen is ₹0.56, as of October 28.

Chinese Yuan: The rate of Chinese Yuan to INR for 1 Chinese Yuan is ₹11.38, as of October 28.

Disclaimer: All of the exchange rates mentioned in the article have been recorded at the time of writing and are subject to change in the future.