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USDINR

In this section, you will find our latest USDINR news and analysis, you will also be able to read about its history, and find a live chart for technical analysis.

As with any other currency pair, the Indian Rupee, USDINR, is heavily-affected by central bank decisions. For the dollar, the monetary authority in charge of managing the money supply in the economy is the Federal Reserve or the Fed.

Meanwhile, India’s monetary authority is the Reserve Bank of India or RBI. Interest rates are the single-most-important drivers of currency direction. For the Fed, it has the Federal Open Market Committee (FOMC) responsible for deciding on where interest rates should go.

Related currencies: USDMXN – USDNOK – USDRUB – USDSEK.

Meanwhile, in India, the Governor of the RBI announces rates following the advice of the Monetary Policy Technical Advisory.

India is the fourth-largest economy in the world and has thus been seen as one of the key drivers of global economic growth. It also boasts one of the largest populations in the world which amounts to around 1 billion residents.
What is USDINR?
USDINR is the financial symbol for the spot exchange rate between the US dollar and the Indian Rupee.

Just like most emerging economies, India was hard-hit by the 2008 financial crisis. However, it was not until 2013 when the Euro Zone debt crisis that the Indian Rupee hit an all-time low with USDINR exchange rate at 69.00 INR. The economy has since been on the road to recovery with the government working to liberalize its market by implementing more open policies on investment and trade. The RBI has adopted a relatively loose monetary policy to aid economic growth.

With that said, the central bank tends to be sensitive to inflation reports, making sure that prices do not get out of hand while assisting growth.

Some of India’s biggest exports include textiles, equipment, steel, chemicals, mining, machinery, and transportation among others. One of its biggest trading partners is China.

This means that the Indian Rupee also reacts to Chinese data. This is because positive Chinese growth is taken to mean that there would be more trading activity between the two countries.
Live USDINR Chart

USDSGD Chart by TradingView

Forex
·Jul 04, 2022, 06:05 BST

USD/INR Prediction: Here’s Why USD to INR Will Hit 80 in July

The USD/INR price is hovering near its all-time high as investors price in higher inflation and slow economic growth in...
Read More
Forex
·Jun 29, 2022, 09:06 BST

USD to INR Forecast for 2022, 2025, and 2030

USDINR is one of the exotic currency pairs that has been gaining popularity in recent years. In this article, the focus...
Read More
Forex
·Jun 28, 2022, 08:57 BST

USD/INR Spikes to New Record Highs on Hawkish Fed, FPI Outflows

The USD/INR pair has climbed sharply to new highs, as the Rupee continues to depreciate against the greenback on the...
Read More
Forex
·Jun 21, 2022, 05:30 BST

USD to INR Forecast: Is the USD/INR Climb to 78 Inevitable?

The USD/INR price is hovering near its all-time high as the US dollar continues its strength. The pair is trading...
Read More
Cryptocurrencies
·Jun 13, 2022, 12:55 BST

USD To INR Forecast: Dollar Strengthens as INR Depreciates

The USD has strengthened against the Indian Rupee in the past few weeks. However, today, the Indian rupee is trading...
Read More
Forex
·Jun 06, 2022, 18:24 BST

USD/INR Outlook Ahead of RBI Interest Rate Decision

The USD/INR is trading higher, notching up gains of 0.28% this Monday as traders prepare for the Reserve Bank of...
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Forex
·May 30, 2022, 06:33 BST

USD/INR Prediction: USD to INR Forecast as it Breaks Key Support

The USD to INR price tilted lower on Monday morning on the back of a relatively weak US dollar. The...
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Forex
·May 23, 2022, 05:27 BST

USD to INR Forecast: What’s the Outlook for the USD/INR?

The USD/INR price has been in a strong upward trend even as the Indian economy emerges at a stronger pace...
Read More
Forex
·May 16, 2022, 09:10 BST

USD/INR Forecast: What is the Outlook for USD to INR?

The USD to INR price remarkable rally continued on Monday morning as the Indian rupee crash accelerated. USD/INR is trading...
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Forex
·May 12, 2022, 09:26 BST

USD to INR Forecast: The Path of Least Resistance for USD/INR

The USD to INR price is hovering near its all-time high as the Indian rupee sell-off continues. The USD/INR is...
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