![]() (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. Having said that, importers should keep buying dollars with every slip in USDINR while exporters should hold as there is a possibility that Rupee may weaken in the coming days. However, by the end of 2023, Rupee could enter into a calmer territory. Medium term trend also looks bullish with Rupee intended to cross 85 levels. The bullish trend in DXY could push the USDINR Spot (CMP: 82.36) higher towards 83.30 levels in the short term. Right now, the US Dollar Index is likely to determine the trend of most of the shared currencies. President Joe Biden and Republican leaders have expressed cautious optimism that a deal to raise the US debt ceiling is within reach, following emergency talks at the White House. A failure by the US government to meet its debt obligations could trigger global financial chaos. 1 USD 10 USD 20 USD 30 USD 40 USD 50 USD 60 USD. Though the impact of the banking collapse may be limited in India, the spread of the crisis could constrict capital flow in India and other emerging markets which could potentially have a negative impact on the Indian economy.Ībout the debt ceiling, the US could enter a calamitous default on its $31.4 trillion debt as soon as June 1, 2023, if no deal is made by then. It is possible to convert any amount from US Dollar to Indian Rupee ( to ) using Myfin currency converter at the live rates of 09:37 PM 11-17-2023. There have been mergers and acquisitions between the failed banks and major ones like UBS and HSBC, to name a few. The US government has, for now, calmed the jittery nerves of the markets by providing support for the crisis hit banks like Silicon Valley Bank (SVB) and Signature Bank. Get the latest Indian Rupee to United States Dollar (INR / USD) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and. With regards to the US economy, there have been a lot of unwanted back-to-back negative events, popping up, from the banking crisis to the ongoing debt ceiling crisis. ![]() What is the outlook for USD in the near, medium and long term? ![]() There has been an inflow of around $1,655 million into the system which in turn has worked in positive for the local currency.Ĭrisis in the US does not seem to die down with the debt ceiling crisis now at the forefront. From $30 billion, the trade balance has contracted to $15.24 billion while both Manufacturing and Service PMI has also come on a robust note.Īll these factors have worked to the advantage of India inviting a lot of attention from the foreign investors. India is a major importer of crude hence fall in crude prices is working in favour of the Trade Balance. ![]()
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