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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0051 | -0.01% | 83.29695 | 83.2967 | 83.2972 | 83.39365 | 83.26345 | 83.2945 | 0 | 04:27:32 |
From Apr 2022 to Apr 2024
The Indian rupee climbed against the U.S. dollar in evening deals on Wednesday, after the Reserve Bank of India raised the benchmark lending rate unexpectedly and said that it would maintain an accommodative stance while focusing on withdrawal of accommodation to support growth.
In an unscheduled meeting, the Monetary Policy Committee of the RBI unanimously voted to increase the repo rate by 40 basis points to 4.4 percent.
The cash reserve ratio was raised by 50 basis points to 4.5 percent.
The MPC noted that it would remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
The Indian rupee spiked up to near a 2-week high of 76.18 against the greenback from yesterday's close of 76.46. The rupee is likely to face resistance around the 74.00 region, if it gains again.
1 Year US Dollar vs INR Chart |
1 Month US Dollar vs INR Chart |
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