Foreign exchange rates...of us $, euro and pounds

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Rajesh (Querist)
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02 August 2012 Dear Experts,
1. Where can i get the foreign exchange rates of US $, Euro and pounds on a daily basis or monthly basis.
2. Where will i get the data regarding total foreign exchange earned through export by industry wise such as Textiles,banking,FMCG,Health etc.
3. Where will i get the data regarding total foreign exchange expended through import by industry wise such as Textiles,banking,FMCG,Health etc.
4. Reason why rupee is depreciating against most of the currencies.
Thanks & Regards,
Rajesh.

Amol S Joglekar

Amol S Joglekar (Expert)
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02 August 2012 visit the site of RBI. rbi.org

Rajesh

Rajesh (Querist)
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04 August 2012 Hello Amol S.joglekar,
I went to rbi.org website, but unable to find any rates for US$,Euro and Pounds. If you can provide me a link of the website (also to all the experts who knew where it can be found) it will be gr8 help for me.
With regards,
Rajesh.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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25 July 2024 Here are answers to your queries:

1. **Foreign Exchange Rates:**
- Foreign exchange rates for major currencies like US Dollar (USD), Euro (EUR), and British Pound (GBP) are available from various sources:
- **RBI (Reserve Bank of India) Website:** RBI publishes daily exchange rates on their website. You can find historical rates as well as current rates for major currencies.
- **Financial News Websites:** Websites like Bloomberg, Reuters, and financial sections of major newspapers usually provide up-to-date exchange rates.
- **Forex Websites:** Forex trading platforms and websites also provide real-time and historical exchange rate data.

2. **Data on Foreign Exchange Earned through Export:**
- Data regarding total foreign exchange earned through exports by industry-wise categories such as textiles, banking, FMCG, healthcare, etc., can be obtained from:
- **Directorate General of Commercial Intelligence and Statistics (DGCI&S):** This government agency under the Ministry of Commerce and Industry provides export statistics categorized by various sectors.
- **Ministry of Commerce and Industry Website:** The ministry's website may have reports and publications with detailed export data.
- **Trade Associations:** Industry-specific trade associations often publish reports and statistics related to exports.

3. **Data on Foreign Exchange Expended through Import:**
- Similar to exports, data on total foreign exchange expended through imports by industry-wise categories can be sourced from:
- **DGCI&S:** Provides detailed import statistics categorized by sectors.
- **Ministry of Commerce and Industry:** Reports and publications on imports may be available on their website.
- **Trade Associations:** Industry-specific data may also be available through trade associations.

4. **Reasons for Rupee Depreciation:**
- The depreciation of the Indian Rupee against major currencies like USD, EUR, and GBP can be influenced by several factors:
- **Dollar Strength:** If the US Dollar strengthens globally, it can lead to depreciation of other currencies including the Indian Rupee.
- **Current Account Deficit:** A higher current account deficit (where imports exceed exports) can put pressure on the Rupee.
- **Capital Flows:** Inflows and outflows of foreign capital into India impact exchange rates.
- **Global Factors:** Economic conditions and geopolitical events globally can affect currency exchange rates.
- **Interest Rates:** Differentials in interest rates between India and other countries can influence currency movements.
- **Market Sentiment:** Investor sentiment and market expectations about economic policies also play a role.

For precise and up-to-date data, it's recommended to visit the websites of relevant government agencies and financial news sources. Additionally, consulting with financial analysts or economists can provide deeper insights into currency movements and their implications.

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