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IDRINR

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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  • Volume
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About

The financial product symbol IDRINR.FOREX refers to the Indonesian Rupiah (IDR) to Indian Rupee (INR) currency exchange rate in the foreign exchange (FOREX) market. It represents the price of one Indonesian Rupiah expressed in terms of Indian Rupees. This symbol is used by traders and investors to track and speculate on the relative value of these two currencies. The quoted rate reflects the current market consensus on the exchange value, influenced by various economic factors affecting both Indonesia and India, such as interest rates, inflation, trade balances, and geopolitical events.
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Factors

Currency prices in Forex are affected by several factors. Let's look at how some of these influence the IDRINR Forex pair: Indonesian Economic Data: GDP growth, inflation, unemployment figures affect IDR.

Indian Economic Data: Similar to Indonesia, India's economy influences INR.

Interest Rate Differentials: Higher Indonesian rates may attract investment, strengthening IDR vs INR.

Global Risk Sentiment: Risk-off sentiment may weaken both IDR and INR.

Trade Balance: Indonesia and India's trade balances influence currency valuations.

Geopolitical Events: Regional or global events can impact investor confidence.

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