Live USD/INR exchange rate: 81.961 Send Money & Track Rate. However, as witnessed earlier, RBI seems to have held its reins tight around 83.00 levels and would take an opportunity to use its reserves if there is any erratic move seen in the USDINR pair," CR Forex Advisors said.Īnand James - Chief Market Strategist at Geojit Financial Services, said that a pullback below 82.84 could again render the trend sideways within the consolidation band of 82.75-82.59. Check the latest US Dollar to Indian Rupee exchange rate and track historic currency performance. On the other end, relatively fewer orders with exporters due to the global slowdown coupled with lower forward premiums are discouraging the exporters to sell. Apparently amid heavy dollar buying by the PSUs, oil companies, and major corporates. You can convert HI to other currencies like ETH. BeInCrypto is currently using the following exchange rate 1.11. “The rupee has remained constantly near the upper band of the broad range of 81.50-83.00 levels since mid-December despite the stronger domestic economy. The conversion value for 1 HI to 1.11 INR. Convert Indian Rupee to United States Dollar INR to USD Currency Converter Currency Converter INR 1.00 0.012 USD invert currencies INR - Indian Rupee USD - United States Dollar Conversion Rate (Buy/Sell) USD/INR 0.
Overall, the longer the pair remains in a narrow range, the sharper would be the breakout and the chances of a breakout below 82.50 are higher than above 83.00-83.20 levels, given by otherwise stable peer currencies and domestic fundamentals, said CR Forex Advisors in a note. The realized volatility on USD/INR has fallen to below 2%, the lowest since June 2022. 1 US Dollar to Indian Rupee Exchange Rate.
As of now technically we can expect the 83.00 level to act as a resistance and on the down side we might see 82.50 act as a support," Anindya Banerjee said. The way the pair reacts around the 83.00 zone will be crucial to watch.
“The USDINR pair after multiple attempts failed to move above the 83.00 handle, and was broadly consolidating between 82.50 and 83.00.
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