USD to INR Exchange Rate
LIVEUS Dollar to Indian Rupee
Currency Converter
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Exchange rate: 1 USD = 83.50 INR (approximate)
About USD/INR
The USD/INR currency pair represents the exchange rate between the US Dollar and the Indian Rupee. This is one of the most traded currency pairs involving emerging markets. The Indian Rupee is influenced by factors including India's economic growth, RBI monetary policy, oil prices (India is a major oil importer), foreign investment flows, and US Federal Reserve decisions. The pair is popular among forex traders, businesses engaged in US-India trade, and individuals sending remittances.
Quick Facts
Currency Pair:
USD/INR
Base Currency:
US Dollar (USD)
Quote Currency:
Indian Rupee (INR)
Central Bank:
Reserve Bank of India
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
Which central bank manages the Indian Rupee?
The Reserve Bank of India (RBI) sets monetary policy and frequently intervenes in foreign exchange markets to smooth volatility in the rupee rather than to fix a particular level.
Why does the rupee tend to weaken over time?
Persistent inflation differentials between India and the United States, along with India's trade deficit and reliance on oil imports, have historically contributed to gradual long-term rupee depreciation against the dollar.
What drives short-term moves in USD/INR?
Foreign investment flows, crude oil prices, RBI policy and intervention, and broad US dollar strength are among the main factors that move the pair day to day.