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USDINR United States Dollar vs Indian Rupee

83.40635
0.0411 (0.05%)
Last Updated: 17:06:53
Delayed by 15 minutes
Name Symbol Market Type
United States Dollar vs Indian Rupee FX:USDINR Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.0411 0.05% 83.40635 83.4061 83.4066 83.44005 83.335 83.36425 0 17:06:53

Indian Rupee At Near 15-month High Vs U.S. Dollar After WPI Data

14/03/2017 7:18am

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US Dollar vs INR (FX:USDINR)
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The Indian rupee firmed against the U.S. dollar in evening trading on Tuesday, after data showing bigger-than-expected increase in wholesale price inflation in February prompted investors to rule out the possibility of rate cut any time soon.

Preliminary data from the Ministry of Commerce & Industry showed that India's wholesale price inflation accelerated at a faster-than-expected pace in February.

Wholesale prices climbed 6.55 percent year-over-year in February, following a 5.25 percent increase in the prior month. Economists had expected the inflation to rise to 6.1 percent.

Further underpinning the currency was the sweeping state election victory of ruling party, which helped bolster expectations for continuation of key reform measures.

The Indian rupee advanced to 65.86 against the greenback, a level unseen since December 2015. At Monday's close, the pair was valued at 66.15. Continuation of the rupee's uptrend may see it challenging resistance around the 64.5 region.

1 Year US Dollar vs INR Chart

1 Year US Dollar vs INR Chart

1 Month US Dollar vs INR Chart

1 Month US Dollar vs INR Chart

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