![]() Global oil benchmark Brent crude futures rose 0.14 per cent to USD 112.55 per barrel.įoreign institutional investors were net sellers in the capital market on Friday, as they offloaded shares worth Rs 5,517.08 crore, as per stock exchange data. On the domestic equity market front, the 30-share Sensex was trading 737 points or 1.34 per cent lower at 54,098.58 points, while the broader NSE Nifty declined 220.25 points or 1.34 per cent to 16,191.00 points. Moreover, Asian and emerging market peers started weak this Monday morning and will weigh on sentiments. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.35 per cent higher at 104.02, tracking rising US yields and fears about higher interest rates. The Indian Rupee opened weaker on Monday against the dollar as weakness in global equities on concerns over the economic outlook and rising bond yields weighed on sentiments, said Sriram Iyer, Senior Research Analyst at Reliance Securities.įorex traders said risk appetite has weakened amid mounting concerns about inflation that may trigger more aggressive rate hikes by the global central banks. Looking ahead, we forecast US Dollar Indian Rupee to be priced at 82.3661 by the end of this quarter. A negative trend is expected with a possible volatility of 0.439. The weighted average target price of the Dollar/Indian Rupee currency pair as of 03-02-2023: 82.4972. Live USD/INR exchange rate: 81.961 Send Money & Track Rate. Over the last 12 months, its price rose by 7.01 percent. Historical Exchange Rates For United States Dollar to Indian Rupee Quick Conversions from United States Dollar to Indian Rupee : 1 USD 81.962638 INR. Dollar / Indian Rupee Daily Forecast for a Month Target daily price USD/INR Target values of the USD/INR currency pair as of 03-02-2023. ![]() Investors are also worried that the broader Asian stocks could decline further due to the tightening COVID lockdown in Shanghai, which could hit global economic growth. Check the latest US Dollar to Indian Rupee exchange rate and track historic currency performance. ![]()
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