Indian Rupee Plummets 50% Against USD Coin in 24 Hours
The Indian Rupee (INR) has taken a significant hit against USDC (USD Coin), decreasing by 50.00% in the last 24 hours, according to Bybit's real-time exchange rates. As of August 10th at 21:30 GMT+8, 1 INR is equivalent to approximately 0.01048995926976204 USDC.
The current market capitalization of USDC stands at ₹6.88T INR, with a circulating supply of 72B USDC and a 24-hour trading volume of ₹652.71B INR. This significant decrease in value is reflected in the exchange rate, making it an important consideration for traders and investors.
Bybit's aggregated market-maker quotes provide real-time conversion values, with zero conversion fees and a 15-second rate lock once confirmed. Users can instantly see the equivalent value in USDC based on the live INR to USDC exchange rate.