9/12/2023 0 Comments 1usd to indian rupees![]() The mark-up may also impact the pricing of any order linked to or triggered at a specific level. Kindly refer to the website of Remit Money Remit Money and Axis Forex Online for the exchange rates applicable for those transactions.įinal applicable rate may be inclusive of mark-up and it may differ from client to client depending on various factors eg type of transaction, amount of transaction, operating cost, market timing & volatility etc. The rates displayed above for money transfers are applicable for the remittances being received/sent through SWIFT. ![]() Rate given for Japanese Yen (JPY) is for 100 units of JPY.Įligible inward remittances equivalent up to INR 15 lacs with complete information in the payment message will be auto-processed at applicable retail card rates prevailing at that time. The cards rates prevailing at the time of debit/credit to your account will be the applicable rates and may differ from the exchange rate displayed as above. Retail Card Rates displayed will be applicable for forex transactions of all amounts. The above rates are published on Aug 04,2023 at 04:33 PM. The bank may choose to publish revised card rates during the day on its own discretion. Retail Card rates generally published once a day in the morning on each forex working day. The situation of 1 Rupee = 1 USD is just not affordable for a growing or developing country.Given exchange rates are subject to the market fluctuations But the BPO and IT Sectors suffered a lot. Similar situation happened in India during 2007-08 when dollar was strong around Rs.40, the imports were good. Companies which are presently in India will start to move out as it will not be profitable for them. Outsourcing of job in India will be stopped.Ħ. When money does not come into India, it will result in complete economic slowdown.ĥ. Eventually people will loose job which will increase unemployment.Ĥ. Analyze historical currency charts or live US dollar / Indian rupee rates and get free rate alerts directly to your email. Now as 1USD= 1INR why any company will pay to an employee USD 75,000 or Rs.75,000 per month if they can hire someone outside who will do the same work for USD 3000 or Rs.3000. Investment in IT Sector and Service Sector which contributes huge amount for the Indian Economy will be gone if 1 Dollar is equal to 1 Rupee. Service sector contributes almost 60% in GDP and give 27% employment in India. Foreign companies will not be investing in India when the cost of labour is higher compared to other countries.ģ. The primary reason for a foreign investment in India is the cheapest labour cost. Analyze historical currency charts or live US dollar / Indian rupee rates and get free rate alerts directly to your email. There would be no foreign Investment if Rupee equals dollar. If it is expensive, why would any country buy from India when other competitors can offer the same at cheaper price.Ģ. Friday, for 1000 US Dollar you get 82000 Indian Rupees. Our online currency converter is showing you the value of 1000 US Dollar in Indian Rupees according to the current foreign exchange rate of INR 82000.Today i.e. ![]() Indian exports have been booming well in recent years. Convert 1000 US Dollar to Indian Rupee as per today’s Conversion rate. This is an increase of 6.936009 (or +5.174991 INR) compared with the same time last year (17 July 2021), when 1 US Dollar equaled 74.6105 Indian Rupee. Because Indian products will be expensive compared to other competing nations. As of, the current exchange rate of 1 US Dollar is equal to 81.7572 Indian Rupee. Exports will be expensive if value of Indian rupee and dollar are the same. Because other side of the story is completely different. ![]() But this will not last long for the situation. ![]()
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