The country's foreign exchange reserves had declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15.

And, may I add, you buy an umbrella to use it when it rains!,' Das said. 'After all, this is the very purpose for which we had accumulated reserves when the capital inflows were strong. This is the Indian Rupee (INR) to US Dollar (USD) exchange rate history summary page, detailing 180 days of INR USD historical data from. The Governor had also indicated that the central bank would use forex reserves when required to deal with currency volatility. Last week, RBI Governor Shaktikanta Das said the central bank has no particular level of the rupee in mind, but it would like to ensure its orderly evolution and emphasised zero tolerance for volatile and bumpy movements of INR against dollar. The deficit widened to USD 70.80 billion in April-June this fiscal. Trade deficit ballooned to a record USD 26.18 billion in June due to costlier imports of crude oil, coal and gold.

Hence, we expect the exchange rate to settle to 78/USD by March 2023, compared with 76.2/USD in March 2022, with a lot of volatility thrown in between now and then,' Crisil principal economist Dipti Deshpande said. Rupee (RUP) is on a downward monthly trajectory as it has decreased -33.9 from 0.000831075990 since 1 month (30 days) ago. 'However, the pressure may ease towards the end of the fiscal, as crude oil prices are expected to come down, and the Fed slows its rate hike spree. Rupee Price in USD: Convert RUP to USD RUP to USD rate today is 0.00054903 and has increased 3.8 from 0.000528871220 since yesterday. Crisil expects the rupee to be under pressure in the near term and the rupee-dollar exchange rate will remain volatile with depreciation bias in the near-term due to widening of the trade deficit, FPI outflows, and strengthening of the US dollar index owing to rate hikes by the US Fed and safe-haven demand for the dollar amid geopolitical risks.

Rupee to usd