INR/USD: what to know
The INR/USD rate shows how much USD you get for 1 INR. Right now, 1 INR buys 0.0106 USD at the mid-market rate. In the other direction, 1 USD is worth 94.4604 INR.
In the short term INR is driven mainly by oil prices and capital flows, while USD responds to Fed policy, US growth and global risk appetite.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the INR/USD rate has ranged between 0.0103 and 0.0114 — a change of -6.62% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.