USD/INR


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US DOLLAR / INDIAN RUPEE Trading

The USD/INR currency pair has become very popular and liquid the last few years. In fact, under the governorship of Dr. Raghuram Rajan, the RBI became a strong player in the forex market, especially in the USD/INR option. The USD/INR is a fairly liquid pair and is possible to get quotes both ways with minimal risk.

History of USD INR Trading

The USD dates back to 1792, when the United States Congress created the US dollar as the official country’s currency. It serves as legal tender in many countries, and it is the most widely used currency in the world both in circulation and reserve. The US dollar form the majors as it pairs with all main currencies in the foreign exchange market (forex). The Indian rupee is the οfficial currency οf India. It’s roots traces back to ancient India in 6th centurey bce, when India was one of the earliest issuers of coins globally, along with the Lydian staters and the Chinese wen. Today the Indian rupee (INR) is amοng the mοst stable currencies in the Asia-Pacific in 2021. It became popular due to India’s strong foreign exchange reserves and higher foreign direct investment inflows.

USD/INR Forex Chart
Instrument: USD/INR
Spread: floating
Leverage: 1:20
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -6.08%
Overnight Interest (daily) Buy: -27.92%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: USDINR

USD/INR Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/INR whenever the currency pair is more volatile. From 09:00 to 15:30 GMT., the USD/INR is usually busy (GMT).

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Source - database | Page ID - 21317

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