Created
: 2025.04.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
World FX news
Breaking news
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
New
2025.04.01 16:54
2025.04.01 16:54
2025.04.01 16:54
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 92.44, with the EUR/INR pair rising from its previous close at 92.43 Meanwhile, the Pound Sterling (GBP) trades at 110.45 against the INR in the early European trading hours, also advancing after the GBP/INR pair settled at 110.37 at the previous close.
Indian economy FAQs
The Indian economy has averaged a growth rate of 6.13% between 2006 and 2023, which makes it one of the fastest growing in the world. India's high growth has attracted a lot of foreign investment. This includes Foreign Direct Investment (FDI) into physical projects and Foreign Indirect Investment (FII) by foreign funds into Indian financial markets. The greater the level of investment, the higher the demand for the Rupee (INR). Fluctuations in Dollar-demand from Indian importers also impact INR.
India has to import a great deal of its Oil and gasoline so the price of Oil can have a direct impact on the Rupee. Oil is mostly traded in US Dollars (USD) on international markets so if the price of Oil rises, aggregate demand for USD increases and Indian importers have to sell more Rupees to meet that demand, which is depreciative for the Rupee.
Inflation has a complex effect on the Rupee. Ultimately it indicates an increase in money supply which reduces the Rupee's overall value. Yet if it rises above the Reserve Bank of India's (RBI) 4% target, the RBI will raise interest rates to bring it down by reducing credit. Higher interest rates, especially real rates (the difference between interest rates and inflation) strengthen the Rupee. They make India a more profitable place for international investors to park their money. A fall in inflation can be supportive of the Rupee. At the same time lower interest rates can have a depreciatory effect on the Rupee.
India has run a trade deficit for most of its recent history, indicating its imports outweigh its exports. Since the majority of international trade takes place in US Dollars, there are times - due to seasonal demand or order glut - where the high volume of imports leads to significant US Dollar- demand. During these periods the Rupee can weaken as it is heavily sold to meet the demand for Dollars. When markets experience increased volatility, the demand for US Dollars can also shoot up with a similarly negative effect on the Rupee.
Rates for Indian Rupee crosses mentioned above are based on the FXStreet data feed for Contracts for Differences (CFDs).
(An automation tool was used in creating this post.)
Last updated
: 2025.04.01
Related articles
USD/JPY trades cautiously around 149.50 with Trump's tariffs on the horizon
16 minutes agoUSD/CAD edges higher to near 1.4330, Trump's tariff announcement in focus
51 minutes agoECB's Holzmann: Rates are at neutral level, no reason to become accommodative
2025.04.02 22:54GBP off early session low - Scotiabank
2025.04.02 22:05EUR extends tight consolidation around 1.08 - Scotiabank
2025.04.02 22:03CAD is trading steady to slightly lower - Scotiabank
2025.04.02 22:01
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/JPY trades cautiously around 149.50 with Trump's tariffs on the horizon
The USD/JPY pair trades with caution around 149.50 during North American trading hours on Wednesday.
New
2025.04.02 23:49USD/CAD edges higher to near 1.4330, Trump's tariff announcement in focus
The USD/CAD pair ticks higher to near 1.4330 in Wednesday's North American session.
New
2025.04.02 23:15ECB's Holzmann: Rates are at neutral level, no reason to become accommodative
European Central Bank policymaker Robert Holzmann, who dissented to the ECB's decision to cut key rates by 25 basis points after the March meeting, argued on Wednesday that they don't need to become more accommodative, per Reuters.
New
2025.04.02 22:54GBP off early session low - Scotiabank
Pound Sterling (GBP) is also quiet and extending is recent consolidation around 1.29 ahead of Wednesday's US tariff announcement, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.04.02 22:05EUR extends tight consolidation around 1.08 - Scotiabank
Euro (EUR) is extending its tight consolidation around 1.08 ahead of Wednesday's US tariff announcement, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.04.02 22:03CAD is trading steady to slightly lower - Scotiabank
The Canadian Dollar (CAD) is little changed--and a relative, if minor, underperformer versus many of its peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.04.02 22:01USD edges lower ahead of tariff news - Scotiabank
Welcome to Liberation Day. Tariffs are front and center for markets ahead of this afternoon's announcement from the White House, due around 4pm from the Rose Garden, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.04.02 21:59Silver Price Forecast: XAG/USD jumps to near $34 as Trump's tariff plan improves safe-haven demand
Silver price (XAG/USD) advances to near $34.00 during European trading hours on Wednesday.
New
2025.04.02 20:50US Dollar consolidates further ahead of Trump's reciprocal tariff announcement
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, consolidates for a second day in a row this week and hovers near 104.20 at the time of writing on Wednesday.
New
2025.04.02 20:46USD/CNH: Major resistance at 7.2980 is unlikely to come into view - UOB Group
US Dollar (USD) could rise to 7.2880 before levelling off; the major resistance at 7.2980 is unlikely to come into view.
New
2025.04.02 19:55Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
