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US Dollar strengthens agains Indian Rupee - Ratekhoj.com, Indian Personal Finance Trends and News | Ratekhoj.com, Best Fixed Deposits, Loans, Insurance Rates and Credit Cards

US Dollar strengthens agains Indian Rupee

Posted in NRE, NRO, currency  by Ram Vishnu
March 25, 2009



The Indian rupee has weakened today against the US dollar to a level of Rs. 50.91/92 per dollar on increased demand for the dollar from importers as well as weaker trends in the the domestic stock markets. The rupee is however off its lowest levels of Rs. 52.20 per dollar hit in early March.

A stronger rupee helps importers but it hurts exporters of products from India.

NRIs making inward remittances to India to India through their NRE or NRO accounts or through other means will also benefit from a strengthening of the dollar against the rupee.




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