USD/INR
USDINR · Currency Pair
Last updated 5:46:38 AM ET
Overview
USDINR — USD/INR — trades publicly as a currency pair. The most recent price was 95.43, up 0.23% over the past 24 hours. Trading volume came in at 0.
- Ticker
- USDINR
- Type
- Currency Pair
Historical Chart
USD/INR price chart, 1M range. Current price 95.43. Up 0.23% over the selected range.
No chart data available for this range.
Key Statistics
Technical Indicators
Not available for this asset type.
What Is USD/INR?
USD/INR is the exchange rate between the U.S. dollar and the Indian rupee. Unlike fully free-floating major pairs, the rupee trades under periodic intervention from the Reserve Bank of India, which manages volatility in the currency rather than allowing it to float entirely freely, particularly during periods of sharp capital outflow.
The pair is influenced by India's trade balance (India is a large net importer of oil, which makes the rupee sensitive to crude prices), foreign portfolio investment flows into Indian equity and debt markets, and the Reserve Bank of India's own interest-rate policy relative to the U.S. Federal Reserve.
How USD/INR Is Priced
USD/INR is a currency pair, and its "price" is an exchange rate — how much of the second currency it takes to buy one unit of the first. That rate floats based on relative supply and demand for each currency, driven by factors like interest-rate differentials between the two countries' central banks, trade flows, and broader risk sentiment. Forex trades continuously across a decentralized global network of banks and brokers rather than a single exchange, so the quoted price is an aggregate of interbank rates.