Currency update today: Indian Rupee slumps against foreign currency on 16 May 2021

The INR against the USD has slumped today to Rs. 73.30300 The Indian rupee has been volatile for the last month due to the spike in the Coronavirus cases. While the dollar value is going up, hoping that the economy would enhance amid the stringent measures taken to contain the virus and the vaccination program being carried out in the United States of America.

Meanwhile, there have been fluctuations of the Indian rupee against other foreign currencies wherein it has been at 89.02300 against the Euro. Hence, the value of the Indian Rupee against foreign currency has been choppy in the recent past.

However, with the outbreak of coronavirus second wave, the Indian rupee has been choppy. Also, the currency exchange rates would vary dynamically. Here is the currency exchange rate in India today on 16 May 2021, including USD, EUR, GBP, AED to SAR and more.

Check out the conversation table of US Dollar to Indian Rupee