The exchange rate between different international currencies keeps fluctuating as they are traded in the international foreign exchange (Forex) market on a daily basis. In the last few months, the value of the Indian Rupee (₹) against the US Dollar ($) has depreciated significantly. This can be attributed to various factors, including the interest rate hike by the Federal Reserve in the US, the Ukraine-Russia conflict, rising inflation, etc.
November 7, 2022: Dollar to INR Exchange Rate Today
The UD Dollar (USD) to Indian Rupee (INR) exchange rate today (November 7, 2022) is ₹82.29 for $1. A few weeks ago, we saw the highest-ever USD to INR exchange rate of ₹83 for $1. The depreciating value of the Indian Rupee is mainly due to the increase in the interest rates by the Federal Reserve to beat inflation in the United States. This has also led to the weakening of many other global currencies against the US Dollar. Weakening global economic conditions due to the COVID-19 pandemic and the ongoing Ukraine-Russia war has also contributed to this.
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Exchange Rates Of Other Currencies Against The Indian Rupee
Now that we know the exchange rate of the Indian Rupee against the US Dollar, let's take a look at the exchange rate of the Indian Rupee against other major international currencies today (November 7, 2022):
Euro to INR: As on November 7, 2022, 1 Euro equals ₹81.76.
British Pound to INR: 1 British Pound is equal to ₹93.06 as on November 7, 2022.
Australian Dollar to INR: The exchange rate of 1 Australian Dollar to INR is ₹ 52.80 as on November 7, 2022.
Canadian Dollar to INR: 1 Canadian Dollar is equal to ₹ 60.77 as on November 7, 2022.
Singapore Dollar to INR: 1 Singapore Dollar equals ₹ 58.41 as on November 7, 2022.
Swiss Franc to INR: The exchange rate of 1 Swiss Franc to INR is ₹ 82.69 as on November 7, 2022.
Japanese Yen to INR: 1 Japanese Yen equals to ₹ 0.56 as on November 7, 2022.
Chinese Yuan to INR: The exchange rate of 1 Chinese Yuan to INR is ₹ 11.35 as on November 7, 2022.
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.
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