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


Latest USDINR News

USDINR

USDINR Retreat From All-Time Highs, On Improved Sentiment

USDINR retreat from all-time highs amid the coronavirus optimism around the globe. The strong rally in Indian equities today also support the Indian Rupee. The Indian rupee hit an all-time low against the greenback as the Indian currency remained under pressure amid a significant rise in coronavirus cases the last [...]
USDINR News

USDINR Rebound Vulnerable Below 71.085

USDINR recovers early losses during Asian trading session and now trades 0.06% higher at 70.954. USDINR continue higher for the third consecutive session as the rebound from monthly lows continues. The rally in Indian Rupee against the U.S. dollar  from November 13 high stalled at 70.455. Moody’s Investors Service, downgraded [...]

USDINR Stalls at Monthly Lows Ahead of FOMC Decision

USDINR trades 0.06% higher at 70.814 reversing earlier losses from monthly lows.  The pair as pf writing halts the correction from December highs (71.74) mainly due to US dollar weakness and an unexpected move from Reserve Bank of India. In its December 5th policy meeting RBI left interest rates unchanged [...]