Forex 100 USD to INR exchange rate - 100 US Dollar to ...

Today's US Dollar Rates for Foreign Exchange in Mumbai

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How the fall in Rupee Exchange Value Impacts Your Investments?

How the fall in Rupee Exchange Value Impacts Your Investments?
The world is the most unpredictable place. Especially with a continuous change in motion, the position of any country can’t be counted as the stable position. Talking about the development process of any of any country is totally dependent on the development of the currency of its country, how the country is actually growing in different aspects with different growth factors taking place.
For instance, the growth of health conditions in the country how poor or good they are, the quality of education in the country, the rate of employment or moreover the poverty line of the country. All this depends on the value of the currency the country has, the better the currency, the better the country is.
Talking about Rupee, the situation since 1945 till now is never a stabilised one. The rupee has only tangoed all this while, deliberations on the amount of debts have just grown intensely. However, when it comes to the growth of Rupee, you’ll find nothing. Although, the past few months have been ever growing for the Rupee, one can’t ignore the fact that the fluctuations were terribly high and still are.
Thus, when the condition of the rupee is itself in a concoction, how can one expect to have a constant growth in another domain or field. Another reason one can find is the constant fluctuations in the Euro Exchange rate for the global markets that have their business standards quite trembling too. The impact of this tremble is quite visibly witnessed by many.
As known the Indian Rupee depends on the USD for its trade growth and economy development, not to forget the constant fluctuations in the Crude Prices and the Hiking highest of the Brent shows a constant change and no possible stability due to the Waiver take off by the US due to Trump’s decision can largely impact the world.
Imagine if Indian Rupee has touched an all-time low, one’s immediate reaction is to worry about the inflation and the negative impact on the finances. Stock markets have reacted negatively as foreign investors are pulling money out of emerging markets including India.

https://preview.redd.it/6dzmji4ibmy21.jpg?width=500&format=pjpg&auto=webp&s=a0fc0a0f904a9f35e43659c36a967444be7bc2ff
The investments will be depleted on the condition that all this will be gorged in a different shape. No high value of Rupee will result in no returns for your investments because the value of the rupee has changed totally.
As an investor, an important skill is to have an ability to connect the dots. This applies to your personal finances too. Being aware of the implication of economic developments on investments can not only help save money but also seize opportunities.
The investment of an investor depends a lot more on the fundamentals of a country and the movement of the country’s currency based on its fundamentals. While looking at our fundamentals we stand tall over them as one can see that there is no rise in the overall debt (excluding the corporate debt & NPAs.)
For instance, the daily forecast that is published on BookMyForex for every currency can help you in taking your decision in a better way. Here’s today forecast for your reference:
22 April 2019: The rupee had opened with a positive gap at 69.46 regaining through the day touching a high of 69.6175 in the afternoon. However, the strong dollar sales in the last 30 minutes allowed the rupee to later close at 69.34. The rising crude prices confuse the rupee’s recovery. Brent broke above $74.00 mark today amidst the speculations coming from the US that Trump is to discontinue the waivers on buying Iranian Oil. Situations are tough for any forecast on Rupee as there will be no political and economic decisions taken to combat the crude price hike until the election results are out by May 23rd.
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Is Rupee Marching Towards 75 Against Dollars In 2019?

Is Rupee Marching Towards 75 Against Dollars In 2019?
Both fast paced global events and elections round the corner, have accelerated the journey of rupee on a rollercoaster already. Whether this ride is going to make rupee touch the mark of 75 this year or not, is the crucial question being addressed ahead.
US President Donald Trump is consistently bringing protectionist policies for US, creating a stir in the emerging markets already. Trade tensions continue to escalate and hurt rupee. What further troubles is the Brexit uncertainty, making dollar exchange a magnet to money from all around the world. This is making the dollar stronger and thus it is no good news to the Indian currency.
It is generally witnessed that private companies tone down their investments in the election year and thus the balance of payments do not recover. Further, if the current account deficit is further widened, the downfall of rupee is certain towards the end of the year.

https://preview.redd.it/6fejrwjir9r21.jpg?width=500&format=pjpg&auto=webp&s=099c9848c32a5841a103fdf3eed563d0215e0329
The world's largest democracy and a fast paced emerging economy is heading towards election and this is when the currency is bound to get affected. India has been witnessing a stable economy under the current government who had a sweeping majority. The idea of a coalition holding chances to gain power brings the concept of uncertainty. Markets do not prefer the uncertainty that couples well with coalition.
Election months also bring popular campaign methods as the forerunner, paving the way for inflation ahead, the factor which works well against rupee and will definitely escalate the dollar exchange to the feared 75 by the end of 2019.
Moving ahead, it is important to understand the effect of the expected depreciation of rupee against dollar. Depreciation of the rupee will change the dynamics of the crude oil import bill. This will further trigger many other problems. The game play of rupee depreciation and inflation is yet another consequence of foreseen steep increase in dollar exchange.
In the scenario of steep depreciation of the rupee, the RBI may hike the regulatory interest rates and that will in turn impact the investment and expenditure consumption negatively. Thus it is a clear no win situation for rupee if predictions and estimates about dollar exchange at 75 hold true.
To book forex, this rollercoaster ride of rupee against dollar can be a tedious task. It will be difficult to decide which day will be the best one and which price is the lowest. At BookMyForex, we get you sorted here.
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ELI5ed version of India's Currency Crisis.

Alright people, here it is, I am now going to try and explain the whole rupee fall phenomenon as simply as I can. We're going to first try and discuss the concepts involved here and then look at what our policy makers have done. Here's hoping that you last till the end cause it was quite a lot of effort.
Why am I doing this?
I am tired of all the lame rupee fall jokes that flooded my WhatsApp last week. I am tired of all the people telling the government to 'Make it stop!' (Spoiler: It's not that simple). Also, I am going to get out in the job market soon and am too lazy to brush up my basics in a formal way. The prospect of educating fellow redditors makes it worth the effort.
Why should you read all of this?
Because you care and by the end of this, hopefully, you'll be able to talk about this in a smarter way which will potentially improve your chances with that girl.
It is likely that you may already know the answers to some of the questions here. Go right ahead and skip them because I am trying to do an ELI5 here.
Let's take it from the top.
What is a foreign exchange rate?
It is the rate at which one currency will be exchanged with another.
Why do foreign exchange rates exist?
Simply because the currency of one country will not be accepted in another. We have a lot of countries and we have a lot of currencies and judging by the feeds on facebook, people travel a lot.
Fun fact#1: The US dollar and the Euro account for approximately 50 percent of all currency exchange transactions in the world. Adding British pounds, Canadian dollars, Australian dollars, and Japanese yen to the list accounts for over 80 percent of currency exchanges altogether.
Who or what decides the exchange rate between two currencies?
On a fundamental level, The value of currency, like the price of any other good or service, depends on its demand and supply. And demand for a currency, say, the US dollar, typically comes from Indian importers, people or institutions that invest in the US and travellers to the US. All these agents require dollars for transacting in the US.
Analogously, exporters to the US, travellers to India and investor inflows supply US dollars in return for rupees to transact in India. If the demand for the rupee decreases compared to, say, the US dollar, the value of the rupee goes down, and vice-versa
So, it's all driven by market (buyers and sellers) forces?
No, There are other factors too. But we'll take them up when we're discussing the Indian context.
What role does something like RBI do in all this?
To understand this, we're going to dive into a little bit of theory. Broadly speaking, there are two ways of handling your currency's exchange rate:
A. The Floating Exchange Rate: The market determines a floating exchange rate. In other words, a currency is worth whatever buyers are willing to pay for it. This is determined by supply and demand, which is in turn driven by foreign investment, import/export ratios, inflation, and a host of other economic factors. Generally, countries with mature, stable economic markets will use a floating system. Virtually every major nation uses this system. Floating exchange rates are considered more efficient, because the market will automatically correct the rate to reflect inflation and other economic forces.
The floating system isn't perfect, though. If a country's economy suffers from instability, a floating system will discourage investment. Investors could fall victim to wild swings in the exchange rates, as well as disastrous inflation.
Did that previous paragraph ring a bell? Interestingly though, we don't follow a floating rate system.
Fun fact#2: Canada is the only country whose currency's value is determined absolutely and entirely by the foreign exchange market or as we just learned, by means of a 'floating exchange rate'. Their Central Bank has never intervened in years.
B. The Fixed or Pegged Exchange Rate: A pegged, or fixed system, is one in which the exchange rate is set and artificially maintained by the government. The rate will be pegged to some other country's dollar, usually the U.S. dollar. The rate will not fluctuate from day to day. You decree that 1 US Dollar will always be equal to 35 Rupees and that is it. Countries that have potentially unstable economies usually use a pegged system. Developing nations can use this system to prevent out-of control-inflation.
And now your thinking:
Holy shit! We can do that? Why aren't we doing that? Why don't we get our currency pegged as seen in the Fixed or Pegged Exchange Rate system?
For starters, the system can backfire. If the real world market value of the currency is not reflected by the pegged rate, a black market may spring up, where the currency will be traded at its market value, disregarding the government's peg. When people realize that their currency isn't worth as much as the pegged rate indicates, they may rush to exchange their money for other, more stable currencies. This can lead to economic disaster, since the sudden flood of currency in world markets drives the exchange rate very low. So if a country doesn't take good care of their pegged rate, they may find themselves with worthless currency.
To further explain, assume that the demand for US dollar increases. Consequently, its value increases, such that each dollar can now buy 10 rupees instead of 4 previously. To offset such an increase, the RBI pumps in sufficient amount of dollars into the market to meet the increased demand. This process ensures that the value of the dollar is restored to its original one. The central bank can supply and draw dollars from forex reserves, which is its official kitty.
Well, the problem is, we ain't got much forex reserves.
India’s forex reserves, which stand at $270 billion(As of the end of August, 2013) approximately, cannot defend the falling rupee eternally. To make sense out of that figure, let us assume that one bad day, all foreign investors in our country decide to take back their money (which is extremely unlikely). In that dire situation, the RBI would have to borrow to a tune of $215 million to pay them all back.
To make matters worse, the increasing oil imports and falling export share in the recent months have contributed significantly towards draining (the already concerning levels of) our forex reserves. The arguments above indicate that the RBI does not have sufficient cushion to strictly adhere to a fixed rate regime.
In fact, forex reserves are the only major 'reactionary tool' we have to prevent any speculation based downfall in the value of rupee.
So if Forex reserves are so damn important, why haven't we been building them up?
Actually, we have been trying to. Refer this graph. If you do a simple forex reserves News based search on Google, you'll find that the last month has seen a lot of ups and downs in it implying that the RBI is scrambling to plug the hole by raising and spending these reserves. But it's still not good enough.
But but...that is a good graph, why is it not good enough?
Enter Mr. CAD, the media's favourite buzzword
At the end of 2007, the Current Account Deficit(Mr. CAD) of India stood at $8 billion. If you refer the above graph, you'll notice that we had a forex reserve of around 300 billion by that time. That means our forex reserves were 37.5 times the CAD. For 2013, the current account deficit is at $90 billion whereas the foreign exchange reserves are down to around $270 billion. That's just around 3 times that of the CAD. That is an alarming fall.
What is a Current Account Deficit?
Occurs when a country's total imports of goods, services and transfers is greater than the country's total export of goods, services and transfers. This situation makes a country a net debtor to the rest of the world. So, evidently, it has an impact with your foreign exchange rates. A substantial current account deficit is not necessarily a bad thing for certain countries. Developing countries may run a current account deficit in the short term to increase local productivity and exports in the future.
Why is our Current Account Deficit so bad?
Simply because we get a lot of our stuff from the outside. The most significantly burdensome items that we import are Gold and Oil. The two of them together constitute almost 50% of our total imports!
Gold
No kidding, we Indians love the yellow metal. We are in fact the largest consumer of Gold in the world. No seriously, our country is single handedly responsible for upto 20% consumption of the worldwide gold consumption. It makes sense to us because not only can we show it off at social events, we can also readily sell it later. In effect, it's like a Saving from the perspective of the mango people. Most Indians are blithely unaware that gold is not locally sourced but actually imported from countries such as Switzerland and the United Arab Emirates.
Which is why we had Mr. Chidambaram 'appealing' to us. But nobody's going to listen to your appeals, Sir. My own financial security will always be more important than your CAD-MAD bullshit. Which is why we have steadily increased the import tariffs on Gold imports in an attempt to discourage gold consumption. Not very effective but it's something.
Make no mistake though, although it will be 'nice' to have people buy less gold this season, in the long run, it will save yo ass.
Fun Fact#3: "I have never bought gold at any point of time in my life. I don’t wear any jewelry — be it a ring or a chain, For me gold is just another metal, it just shines a little bit more.” - P. Chidambaram, Finance Minister of India - A country which is the largest consumer of Gold.
Contd as Comment Below Due to Character Restrictions. Continue Reading at 'Oil'
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Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others

This is the best tl;dr I could make, original reduced by 60%. (I'm a bot)
CARACAS - Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to "Free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies.
Maduro was refering to Venezuela's "DICOM" official exchange rate in which the dollar buys 3,345 bolivars, according to the central bank.
At the strongest official rate, one dollar buys just 10 bolivars, but on the black market the dollar fetches 20,193 bolivars, a spread versus the official rate that economists say has fostered corruption.
A thousand dollars of local currency bought when Maduro came to power in 2013 would now be worth $1.20.
"Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar," Maduro said in an hours-long address to a new legislative superbody, without providing details of the new mechanism.
"If they pursue us with the dollar, we'll use the Russian ruble, the yuan, yen, the Indian rupee, the euro," Maduro said.
Summary Source | FAQ | Feedback | Top keywords: Maduro#1 dollar#2 new#3 rate#4 currency#5
Post found in /worldnews and /venezuela.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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