dubai dirham 2 3 23 indian rupee taka peso

The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.

Following are the exchange rates as on March 2, 2023.

Foreign currencies INR values (Change)
US dollar 82.50 (+0.08)
UK pound 99.10 (-0.03)
Saudi riyal 21.99 (+0.02)
Dirham 22.46 (+0.02)
Australian dollar 55.68 (-0.03)
Factors that affect exchange rates
Following are some of the factors that affect exchange rates

Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.

Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, it contributes to the appreciation/depreciation of the Indian rupee.

Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.

Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.

Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.

CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.

DUBAI DIRHAM TO Indian Rupee Indonesian Rupiah Pakistani Rupee Sri Lankan Rupee Bangladesh Taka Nepalese Rupee Philippine Pes Egyptian Pound
KUWAITI DINAR TO Indian Rupee Indonesian Rupiah Pakistani Rupee Sri Lankan Rupee Bangladesh Taka Nepalese Rupee Philippine Pes Egyptian Pound
exchange rate is the rate at which one currency will be exchanged for another currency
the exchange rate is also regarded as the value of one country's currency in relation to another currency
In the retail currency exchange market, different buying and selling rates will be quoted by money dealers
exchange rate Canadian Dollar US Dollars Australian DOLLAR British Pound
exchange rate for UAE DIRHAM, BAHRAINI DINAR, KUWAITI DINAR, RIAL OMAINI, QATRI RIAL, SAUDI RIYAL, SAUDI RIYAL
exchange rate GULF BAHRAIN OMAN QATER
exchange rate for Indian rupee Pakistani rupee Sri Lankan rupee Bangladeshi taka Nepalis rupees Indonesia rupees Egypt pound Philippine Pesos

Saudi Riyal TO Indian Rupee Indonesian Rupiah Pakistani Rupee Sri Lankan Rupee Bangladesh Taka Nepalese Rupee Philippine Pes Egyptian Pound
DUBAI DIRHAM TO Indian Rupee Indonesian Rupiah Pakistani Rupee Sri Lankan Rupee Bangladesh Taka Nepalese Rupee Philippine Pes Egyptian Pound
KUWAITI DINAR TO Indian Rupee Indonesian Rupiah Pakistani Rupee Sri Lankan Rupee Bangladesh Taka Nepalese Rupee Philippine Pes Egyptian Pound
KUWAITI DINAR TO Indian Rupee,KUWAITI DINAR TO Indonesian Rupiah,KUWAITI DINAR TO Pakistani Rupee,KUWAITI DINAR TO Sri Lankan Rupee,KUWAITI DINAR TO Bangladesh Taka,KUWAITI DINAR TO Nepalese Rupee,KUWAITI DINAR TO Philippine Pes,KUWAITI DINAR TO Egyptian Pound
Saudi Riyal TO Indian Rupee,Saudi Riyal TO Indonesian Rupiah,Saudi Riyal TO Pakistani Rupee,Saudi Riyal TO Sri Lankan Rupee,Saudi Riyal TO Bangladesh Taka,Saudi Riyal TO Nepalese Rupee,Saudi Riyal TO Philippine Pes,Saudi Riyal TO Egyptian Pound
Bahraini Dinar TO Indian Rupee,Bahraini Dinar TO Indonesian
Rupiah,Bahraini Dinar TO Pakistani Rupee,Bahraini Dinar TO Sri Lankan Rupee,Bahraini Dinar TO Bangladesh Taka,Bahraini Dinar TO Nepalese Rupee,Bahraini Dinar TO Philippine Pes,Bahraini Dinar TO Egyptian Pound
Factors that affect exchange rates
Following are some of the factors that affect exchange rates
Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.

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