US Dollar to Indian Rupee (USD to INR) Exchange Rate
Today's USD Price to Indian Rupee is 1 USD = 88.75 INR
The official currency of the United States of America (USA) is the dollar. One dollar is equivalent to 1000 mills, or 100 cents. Since it is the most common currency used in cross-border transactions, the US dollar (USD) serves as the world's principal reserve currency. It is also the currency that gets converted the most globally.
The US dollar is the only currency used in the US, the British Virgin Islands, and the Turks & Caicos Islands. Ecuador and Panama are two nations that use the dollar as legal money. The currency is frequently referred to as the 'Greenback' by currency dealers.
USD to INR Currency (USD to INR) Exchange Rate - Last 10 Days
Date | 1 USD to INR |
29-Sep-25 | 88.75 |
28-Sep-25 | 88.67 |
27-Sep-25 | 88.67 |
26-Sep-25 | 88.67 |
25-Sep-25 | 88.77 |
24-Sep-25 | 88.77 |
23-Sep-25 | 88.80 |
22-Sep-25 | 88.30 |
21-Sep-25 | 88.09 |
20-Sep-25 | 88.09 |
The decimal currency was created by the Coinage Act of 1792. Over the years, Congress introduced various forms of paper money. The Forex market usually uses the US dollar as the benchmark.
Converting Indian Currency to US Dollars
Indian rupees can be exchanged for US dollars either online or offline. You must go to your local bank and adhere to their processes in order to convert it offline.
There are several reliable internet retailers you may turn to for assistance if you wish to convert your money online. You may easily convert your Indian cash to US dollars using these internet resources.
Factors that Influence USD to INR Exchange Rate
Some of the factors that influence the USD to INR exchange rate are mentioned below:
- Market Sentiment: Market sentiment influences the forex market. Currency movements are anticipated by geopolitical developments, news, and economic data by traders. This will influence the value of the dollar.
- Trade Relations: Currency demand is influenced by the trade volumes between the two countries. Therefore, trade relations between India and the US affect the value of the dollar.
- Political Stability: Investor confidence will be high because of political stability. Therefore, the value of the currency will be affected positively.
- Monetary Policies: Any interest rate changes made by the RBI or the Fed will impact the value of the dollar.
- Other Factors: Some of the other factors that will affect the value of the dollar are trade balances, inflation rates, and GDP growth.
Impact of USD to INR Exchange Rate
Some of the individuals and sectors that are impacted by the value of the rupee against the dollar are mentioned below:
- Inflation and Purchasing Power
- Travel and Tourism
- Investors
- Importers and Exporters
Also check: QAR to INR
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FAQs on USD to Indian Rupee
- What factors determine exchange rates in India?
Some of the factors that determine exchange rates in India are inflation, public debt, political stability, and economic performance?
- What are the factors affecting the INR USD exchange rate?
The factors that are affecting the INR USD exchange rate are inflation, interest rates, public debt, etc.
- What is the tax on converting USD to INR?
1% of the gross amount of the currency exchanged, up to a maximum of Rs.100,000, subject to a minimum of Rs.250, or Rs.45 in GST.
- What affects USD most?
When international parties, such as foreign nationals, foreign central banks, or foreign financial institutions seek more dollars, the demand for the dollar rises.
- How is the dollar rate decided?
A controlled floating exchange rate is what determines the current exchange rates between nations. With a managed floating exchange rate, each currency's value is influenced by the policies taken by its central bank or government in terms of the economy. It hasn't always been the case to adopt managed floating exchange rates.
- In which countries is the US dollar the sole currency?
The US dollar is the sole currency in countries such as the United States of America, Turks and Caicos Islands, and the British Virgin Islands.
- In which countries is the US dollar used as the legal tender?
The US dollar is used as the legal tender in countries such as Ecuador and Panama.
- Will the USD to INR exchange rates remain constant?
No, the USD to INR exchange rate will not remain constant.
- Can I exchange the USD to INR at a bank?
Yes, you can exchange the USD to INR at a bank.
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