Rupee vs Dollar Today: USD/INR Rate & Currency Market Update for March 18

The exchange rate of the Indian Rupee (INR) against the US Dollar (USD) is a crucial metric for traders, investors, and businesses involved in global trade. Tracking USDINR today helps market participants gauge currency trends and make informed decisions. The rupee's movement is influenced by several factors, including US Dollar Index trends, RBI interventions, crude oil prices, foreign capital flows (FII/FDI), and macroeconomic data.

A strengthening rupee benefits importers and helps control inflation, while a depreciating rupee can support exporters and IT companies. Additionally, movements in INR against major currencies such as Euro (EUR), British Pound (GBP), and Japanese Yen (JPY) offer insights into broader currency trends. Monitoring Rupee vs Dollar today can help businesses understand global currency shifts.

This report provides real-time updates on USDINR today, key drivers affecting currency movements, and their potential impact on stock markets and various sectors. Keeping track of Dollar vs Rupee today can help investors anticipate potential fluctuations in the forex market.

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Currency Market Overview:

• USD/INR: 86.7146 (-0.23%)
• Dollar Index (DXY) 107.35 (+0.1%)
• EUR/INR: 94.6120 (0.054%)
• GBP/INR: 112.5108 (-0.32%)
• INR/JPY: 1.7259 (+0.17%)

*As on 10:05 AM

Key Factors Impacting INR Today:

• Rupee Opens Firm Against USD: The Indian Rupee opened 4 paise stronger at 86.76 against the US Dollar, continuing its gains after five consecutive months of decline.
• Foreign Portfolio Investors and Dollar Demand: Foreign portfolio investors continued their selling spree, contributing to volatility in the forex market, while the Reserve Bank of India acted as a major dollar buyer to stabilize the currency.
• Global Crude Prices Impact INR: Crude oil prices rose for the third consecutive day, with Brent crude up 0.28% at USD 71.27 per barrel, adding pressure on the Rupee as higher oil prices typically increase India's import costs.
• Rupee Faces Resistance at 86.60: The Rupee is expected to face resistance at 86.60, with importers purchasing dollars and exporters remaining cautious amid ongoing global uncertainties.
• Market Outlook and RBI Intervention: With a liquidity shortfall in the banking system, the RBI may absorb significant inflows to manage liquidity and support forex reserves. The USD/INR pair is likely to trade in the 86.60-87.00 range.

Conclusion: The Indian Rupee is benefiting from a weaker Dollar and RBI intervention, but rising oil prices and foreign outflows may limit significant gains.

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.