Since India is a net importer – with its imports exceeding exports by over $87 billion (about ₹6.87 lakh crore) in 2021-22 – and the value of Indian rupee has been declining consistently, RBI’s latest decision to allow international trade in rupees is expected to reduce the pressure on India’s forex reserves. The land of islands, clear blue waters, and tropical climate, Indonesia is one of the countries where the Indian currency is higher. Now, the Russia-Ukraine war and the subsequent sanctions have provided RBI with another opportunity to push for trading in rupees. KWD has the highest currency in the world against the Indian rupee as 1 Kuwaiti Dinar is equal to 276.50 INR.
To be clear, this is not the first time that the Reserve Bank of India (RBI) has allowed international trade in rupees – the sanctions on Iran a few years ago resulted in the two countries trading in rupees instead of dollars. The ongoing pressure on the Rupee and its decline against the dollar pushed the Indian central bank to put in place a mechanism earlier this week to allow international trade in rupees.
This forces the country to maintain large forex reserves, since world trade still occurs in US dollars. Rs 80.22/litre.India is a trade deficit country, meaning it imports more than it exports. Sadly, the petrol prices in India are very high i.e. Don’t you want to check where India stands in this list? Prices (Per litre) of petrol in different countries! Country Name Please note that buy and sell rates would vary from the inter-bank rates shown here. All major currencies included with rates updated every 3 mins. Find All Country Currency stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. The data has been gathered from a variety of official sources including online resources and government materials. Live Foreign Currency Exchange Rates in India Table shows live foreign currency exchange rates (inter-bank) in India today. Indian Rupee Indonesian Rupiah Iranian Rial Israeli Shekel Japanese Yen Kazakhstani Tenge South Korean Won Kuwaiti Dinar Libyan Dinar Malaysian Ringgit Mauritian Rupee Mexican Peso Nepalese Rupee New Zealand Dollar Norwegian Krone Omani Rial Pakistani Rupee Philippine Peso Polish Zloty Qatari Riyal Romanian New Leu Russian.
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