![]() ![]() The last few weeks have seen remarkable gains in the Indian currency and this might even increase in the coming days. ![]() The Indian currency value is on the rise at the moment given that India's forex reserves have surged in the recent past. This helps them to hedge against risks that may arise in the forex markets. Many Indian companies who earn their money in US dollars or NRIs need to keep a tab on world currency rates vs the Indian rupee. If the US dollar weakens against basket of other currencies, it tends to also impact the Indian rupee. Comparing the Indian Currency with World Currency Rates ![]() If there is any imbalance in the volume of the currency printed, then it will result in Inflation or Deflation. The Inflation and the deflation of a country is also dependent on the currency. The exchange rate of the top currencies matters to those who trade and also the one who is traveling from a country to another country. Years ago money in various countries was based on the gold or silver reserves or combination of the two availability in the country. The exchange rate of these currencies changes depending upon the political and economic conditions in the country and the interest rate paid by a country's central bank is also a big factor. As of now, The top currencies are Dollar, Yen, Euro, Pound, Franc, etc. You can take a countries currency and compare it with some other countries then you can understand the economic situation of that country. In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.49/2018-CUSTOMS (N.T.), dated 7 th June, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs (CBIC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 22 nd June, 2018, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said Section, relating to Imported and Export Goods.Europian Currencies Vs Indian Rupee (INR) EUR ![]()
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