Created
: 2025.04.28
- 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: Indian Rupee cross rates mixed at the start of the European session
World FX news
Breaking news
EUR/INR: Indian Rupee cross rates mixed at the start of the European session
New
2025.04.28 16:07
2025.04.28 16:07
2025.04.28 16:07
Indian Rupee (INR) crosses trade mixed at the start of Monday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.56, with the EUR/INR pair declining from its previous close at 97.03.
Meanwhile, the Pound Sterling (GBP) trades at 113.65 against the INR in the early European trading hours after the GBP/INR pair settled the previous day's at 113.65.
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
: 2025.04.28
Related articles
USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
2025.05.19 14:49FX option expiries for May 19 NY cut
2025.05.19 14:08EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the key
2025.05.19 13:57USD/INR rises on strong importer demand, foreign fund outflows
2025.05.19 13:46India Gold price today: Gold rises, according to FXStreet data
2025.05.19 13:35NZD/USD sticks to modest intraday gains below 0.5900 amid softer USD
2025.05.19 13:32
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
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $61.57 per barrel, down from Friday's close at $61.92.
New
2025.05.19 15:17USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
USD/CHF is retreating from gains made in the previous session, trading near 0.8360 during Asian hours on Monday. The decline follows a surprise downgrade of the US government's credit rating, which sparked renewed selling in the US fixed income market.
New
2025.05.19 14:49FX option expiries for May 19 NY cut
FX option expiries for May 19 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.05.19 14:08Silver remains below $32.50, upside seems possible due to US economic uncertainty
Silver price (XAG/USD) extends its losses for the second successive session, trading around $32.30 per troy ounce during the Asian hours on Monday.
New
2025.05.19 14:02EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the key
The EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
New
2025.05.19 13:57USD/INR rises on strong importer demand, foreign fund outflows
The Indian Rupee (INR) remains subdued against the US Dollar (USD) on Monday, continuing its losing streak for the sixth successive day. Moreover, fresh USD demand from importers and ongoing foreign fund outflows continue to weigh on the INR.
New
2025.05.19 13:46India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
New
2025.05.19 13:35NZD/USD sticks to modest intraday gains below 0.5900 amid softer USD
The NZD/USD pair attracts some dip-buyers during the Asian session on Monday amid a modest US Dollar (USD) weakness, though it seems to struggle to capitalize on the move beyond the 0.5900 mark.
New
2025.05.19 13:32Gold price struggles to capitalize on modest intraday gains to $3,250 area
Gold price (XAU/USD) attracts buyers during the Asian session on Monday as a surprise downgrade of the US government's credit rating tempers investors' appetite for riskier assets and boosts demand for traditional safe-haven assets.
New
2025.05.19 13:06US House panel approves Trump tax cut bill, a possible vote on passage this week
A key congressional committee, the House panel, early Monday approved President Donald Trump's tax cut bill, paving the way for a possible passage in the House of Representatives later this week.
New
2025.05.19 12:07Disclaimer:
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
