Today's INR to USD Price Update

Summary

This report provides the real-time exchange rate between the Indian Rupee (INR) and the U.S. Dollar (USD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Indian Rupee (INR) is the primary legal currency of India. The exchange rate between them reflects not only the market’s perception of currency value but also investor confidence in the economic stability and liquidity of both currencies in the global foreign exchange market.

Today’s Price

• 1 INR = 0.0111 USD
• 24h High: 0.011073 USD
• 24h Low: 0.010999 USD

Market Analysis

The INR/USD pair continues to be an important currency pair in global forex markets, with traders and investors actively monitoring exchange rate movements to anticipate potential price fluctuations.

• Technical levels: Key support levels identified at 89.64, 89.90, and 90.00, with resistance levels at 90.10, 90.14, and 90.20
• Market outlook: According to recent forecasts, the USD to INR exchange rate is expected to see a 9.75% rise over the next year, potentially reaching ₹99.00
• Trading strategies: Traders can employ various approaches including technical analysis through moving averages, chart patterns, and common indicators, as well as news trading strategies that capitalize on economic releases and events

Conclusion

Continue to monitor the INR/USD pair closely through technical analysis and market developments. Traders should utilize moving averages, buy/sell signals, and chart indicators to identify optimal entry and exit points, while remaining attentive to economic news releases that may impact currency movements.