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: 2025.05.13
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EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
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EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
New
2025.05.13 16:03
2025.05.13 16:03
2025.05.13 16:03
ndian 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 94.38, with the EUR/INR pair rising from its previous close at 94.11.
Meanwhile, the Pound Sterling (GBP) trades at 112.12 against the INR in the early European trading hours, also advancing after the GBP/INR pair settled at 111.97 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
: 2025.05.13
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AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
The AUD/USD pair climbs to near 0.6410 during European trading hours on Tuesday. The Aussie pair strengthens on the outperformance of antipodeans after the United States (US) and China averted the trade war after agreeing to lower import duties following a two-day meeting in Switzerland.
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2025.05.13 20:17Mexican Peso strengthens on improved global risk sentiment ahead of US inflation data
The Mexican Peso (MXN) is trading higher against the US Dollar (USD) on Tuesday as a rebound in global risk sentiment supports emerging market currencies ahead of a key macroeconomic week. At the time of writing, USD/MXN is trading around 19.578, down 0.30% intraday.
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2025.05.13 20:07Chinese Copper imports have reached their limit - Commerzbank
In April, China imported a record-breaking 2.92 million tons of Copper ore and concentrate. Over the last 12 months, a total of 28.8 million tons were imported, which is also a record high.
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2025.05.13 19:57WTI extends winning streak on US-China trade truce
West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.
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2025.05.13 19:53US Dollar unable to hold on to momentum ahead of US CPI
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, corrects to near 101.50 in the European trading session on Tuesday.
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2025.05.13 19:43Strong inflows into Chinese Gold ETFs in April - Commerzbank
The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.
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2025.05.13 19:42USD/CNH can continue to weaken - UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.05.13 19:39Silver, Platinum and Palladium also decline - Commerzbank
Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.
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2025.05.13 19:30USD/JPY: Likely to trade in a 146.50/148.60 range - UOB Group
US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.05.13 19:25Pound Sterling comes under pressure as UK labor market cools down
The Pound Sterling (GBP) trades with caution against its peers on Tuesday after the release of the United Kingdom (UK) labor market data for the three months ending March.
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2025.05.13 19:22Disclaimer:
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