Instead of 100 rupees sent from India, you will get $ 1.32 in the US. According to the exchange rate of March 17, one rupee of India will be 0.013 US dollars. According to the exchange rate, one US dollar will be 75.93 rupees for India. The Indian rupee closed at Rs 76.00 against the US dollar. The exchange rate or currency exchange rate depends on economic performance, inflation, interest rate differentials and capital flows.
The USD/INR is continuing to decline amid risk aversion in oil prices and weak performance from the US Dollar Index (DXY). Dollar continued its two-day losing streak and fell near 76.00. Oil reserves lowered oil prices overnight, keeping the Indian rupee in advantage. India being a major oil importer is negatively sensitive to oil prices. At the same time, the Indian market fell sharply in February but now it has started rising again. In such a situation, the Indian rupee is also getting stronger.
Due to this the exchange rates of Rupee and Dollar are changing. According to this, if an Indian wants to send 100 rupees to America, then he is sending $1.32 there. In such a situation, it is important for the students to get money from home to know the exchange rate. On the basis of this, they will get rupees by converting them into dollars. On the other hand, if a worker sends 1 dollar to the family living in his house, then in India they will get 75.93 rupees instead.