About USD/INR
USD/INR pairs the dollar against the Indian rupee, one of the most actively managed currencies in Asia. The Reserve Bank of India (RBI) actively intervenes to smooth volatility and manage the rupee's level, making USD/INR behavior notably different from free-floating pairs. The rupee is heavily influenced by oil import costs (India imports roughly 85% of its crude oil), so rising oil prices tend to weaken INR and push USD/INR higher. Remittance flows, foreign portfolio investment into Indian equities, and RBI repo rate decisions are the other key drivers. Indian CPI and GDP data are closely watched. Daily ranges average 0.20-0.50 INR, with spreads of 3-8 paise. The pair is most active during Indian market hours. USD/INR often exhibits extended periods of range-bound trading followed by managed step-adjustments when the RBI allows the rupee to move to a new level.
Historical Rates - Last 7 Days
| Date | Close | Change |
|---|
| 2026-08-22 | 95.4960 | -0.33% |
| 2026-08-23 | 95.7722 | +0.29% |
| 2026-08-24 | 95.7003 | -0.08% |
| 2026-08-25 | 95.7231 | +0.02% |
| 2026-08-26 | 93.5461 | -2.27% |
| 2026-08-27 | 95.4303 | +2.01% |
| 2026-08-28 | 95.3400 | -0.09% |
See full price history on the historical rate lookup tool.
Frequently Asked Questions
What is the pip value for USD/INR?
One standard lot (100,000 units) on USD/INR has a pip value of approximately $10.00. The minimum price increment (tick) is 0.001. A pip is typically the second decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is USD/INR most active?
USD/INR sees its highest trading volume during the Tokyo session. As an exotic pair, liquidity can thin significantly outside of the primary sessions listed above. Spreads widen and slippage increases during off-hours.
What economic events affect USD/INR most?
The most impactful events for USD/INR come from the USD and INR economies. US releases — non-farm payrolls, CPI, FOMC rate decisions, and GDP — are among the most market-moving events globally. A surprise in any of these can shift the pair 50–100 pips within minutes. The upcoming events section above lists the specific releases scheduled in the next two weeks.