USD/INR: what to know
The USD/INR rate shows how much INR you get for 1 USD. Right now, 1 USD buys 94.4650 INR at the mid-market rate. In the other direction, 1 INR is worth 0.0106 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while INR responds to oil prices and capital flows.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010.
Over the past 12 months the USD/INR rate has ranged between 87.8100 and 96.8772 — a change of +7.09% 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.