Live USD to INR Rate Today

USD-INR Currency Converter

USD = 71.16 INR

Interbank/ mid-market Rate at: 2019-08-19 07:28:10

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USD to INR Chart/ Historical USD to INR Rates

USD to INR Forecast


Major Support Level ₹70.20
Major Resistance Level ₹71.35

 USD Rates are likely to increase over the next few days*

USD to INR Forecast for different time periods
  Range Expected
Today 71.20 - 71.75
7 days 70.20 - 71.80
30 days 69.80 - 72.00
1 Year 69.80 - 72.50

USD to INR Forecast Updates

https://www.youtube.com/embed/FlbPJzvSX94

The last week was full of events with Yuan’s devaluation generating the possibility of currency wars, flattening of US yield curve and a continuous ban on communication post scrapping Article 370 in Kashmir. RBI has cut the repo rate by 35 bps in its August monetary policy accommodating the growth concerns. While the rupee is expected to be range-bound in the coming week, the upcoming inflation and auto sales data for the month of July would be keenly watched.

USD to INR Frequently Asked Questions

To answer the legendary question–How the Indian rupee has devalued since 1947 till date?We’ve come up with a simple clarification. If you believe that exchanging 1 USD to INR in 1947 would have got you 1 Rupee exactly, then, sadly, that’s not true reason being when India got her independence in the year 1947, there were no outstanding credits on the balance sheet of India that kept Indian Rupee at parity with the US Dollar. Also, the Indian Rupee was pegged to Pounds then since India was under British Raj, keeping the value stable at that moment. As reported: from 1927 to 1966, 1 pound valued to 13 INR. Right after Independence however, the Indian rupee continued to peg to the British pound at a rate of 1 rupee = 1 shilling and 6 pence what can be withdrawn from the stated that as 13 1/3 rupees per British pound. However, the sources state that British pound would have worth about 4 USD at that point of time – hence, concluding that the US Dollar would’ve been more than 3Rs then. When India launched its first 5 Year Plan, the Indian Rupee resultingly used to peg with the U.S. dollar at a rate of 7.5 rupees = 1 dollar until 1971.
Indian Rupee has performed well against other major currencies which include currencies of other Emerging Market Economies. Hence, it’s the US Dollar that has gained against the majority of currencies. Indian Rupee however has weakened against the US Dollar, so have almost all major currencies against US Dollars. But when we compare the data of last 5 years then Indian Rupee has appreciated against almost all major currencies. However, despite the appreciation against other currencies, a weak rupee against the dollar will have a significant impact on India’s economy since US Dollar is the main currency for international trade
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