(So have their teachers.) Even the Founding Fathers of our country indulged in gripe sessions. In fact, a list of grievances comprises the longest section of the Declaration of Independence; however, the source of the document's power is its firm philosophic foundation.
Not to be confused with forward rate or forward price. The forward exchange rate (also referred to as forward rate or forward price) is the exchange rate at which a bank agrees to exchange one currency for another at a future date when it enters into a forward contract with an investor.orward exchange rates have important theoretical implications for forecasting future spot exchange rates. Financial economists have put forth a hypothesis that the forward rate accurately predicts the future spot rate, for which empirical evidence is mixed.
1973 - 2015. Daily. The USDINR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the INR. While the USDINR spot exchange rate is quoted and exchanged in the same day, the USDINR forward rate is quoted today but for delivery and payment on a specific future date.This page provides-Indian Rupee-actual values, historical data, forecast, chart, statistics, economic calendar and news.he Indian Rupee averaged 34.10 from 1973 until 2015, reaching an all time high of 68.15 in August of 2013 and a record low of 7.19 in March of 1973. The USDINR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the INR.