Created
: 2025.04.23
- 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
2025.04.23 17:35
2025.04.23 17:35
2025.04.23 17:35
Indian Rupee (INR) crosses trade on the front foot at the beginning of Wednesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 97.43, with the EUR/INR pair rising from its previous close at 97.28.
Meanwhile, the Pound Sterling (GBP) trades at 113.75 against the INR in the early European trading hours, also advancing after the GBP/INR pair settled at 113.63 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.
Last updated
: 2025.04.23
Related articles
UK: EU trade deal remains the biggest prize - Standard Chartered
15 minutes agoJPY: No summer hike - Commerzbank
31 minutes agoUSD/CNH: 2-way trades likely - OCBC
40 minutes agoEUR/USD rises as Greenback suffers due to plunging US bond yields
40 minutes agoUSD/JPY: Upward momentum has dissipated - UOB Group
42 minutes agoUSD/JPY: Short bias on the daily charts - OCBC
45 minutes ago
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
Gold falls as trade tensions ease and Fed outlook shifts - Commerzbank
The price of Gold has come under considerable pressure in recent days, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.05.16 19:35UK: EU trade deal remains the biggest prize - Standard Chartered
The UK government is aiming to build on recent momentum after trade deals with the US and India. The UK-EU summit on 19 May presents an opportunity to start reducing non-tariff barriers.
New
2025.05.16 19:31Oil gains on trade optimism, then slips on Iran talks - Commerzbank
Oil prices rose significantly earlier this week, before falling again recently, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.05.16 19:29Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.
New
2025.05.16 19:22JPY: No summer hike - Commerzbank
The Japanese economy has not gotten off to a particularly good start this year. According to GDP figures published this morning, economic output declined slightly in the first quarter, falling by 0.2% compared with the previous quarter.
New
2025.05.16 19:15USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 - UOB Group
US Dollar (USD) is expected to trade in a sideways range of 7.1970/7.2190. In the longer run, a breach of 7.2330 would indicate that the likelihood of USD declining to 7.1700 has faded, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.16 19:11USD/CNH: 2-way trades likely - OCBC
USD/CNY fix continues to come in slightly softer (and below spot) for the whole week, last seen trading at 7.2057 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.05.16 19:06EUR/USD rises as Greenback suffers due to plunging US bond yields
EUR/USD ticks up to near 1.1200 during European trading hours on Friday.
New
2025.05.16 19:06USD/JPY: Upward momentum has dissipated - UOB Group
Scope for USD to grind lower and test 144.95 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, upward momentum has dissipated; USD is expected to consolidate in a range of 144.50/148.50 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.16 19:03USD/JPY: Short bias on the daily charts - OCBC
USD/JPY continued to trade lower amid decline in UST yields. Pair was last at 145.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.05.16 19:01Disclaimer:
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
