Rupee vs Dollar Today: USD/INR Rate & Currency Market Update for March 28

The exchange rate of the Indian Rupee (INR) against the US Dollar (USD) is a crucial metric for traders, investors, and businesses involved in global trade. Tracking USDINR today helps market participants gauge currency trends and make informed decisions. The rupee's movement is influenced by several factors, including US Dollar Index trends, RBI interventions, crude oil prices, foreign capital flows (FII/FDI), and macroeconomic data.

A strengthening rupee benefits importers and helps control inflation, while a depreciating rupee can support exporters and IT companies. Additionally, movements in INR against major currencies such as Euro (EUR), British Pound (GBP), and Japanese Yen (JPY) offer insights into broader currency trends. Monitoring Rupee vs Dollar today can help businesses understand global currency shifts.

This report provides real-time updates on USD/INR today, key drivers affecting currency movements, and their potential impact on stock markets and various sectors. Keeping track of Dollar vs Rupee today can help investors anticipate potential fluctuations in the forex market.

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Currency Market Overview:

• USD/INR: 85.6280 (-0.78%)
• Dollar Index (DXY) 107.35 (+0.1%)
• EUR/INR: 92.3840 (-0.20%)
• GBP/INR: 110.7952 (-0.15%)
• INR/JPY: 1.7612 (-0.069%)

*As on 11:00 AM

Key Factors Impacting INR Today:

• Rupee Strengthens Against USD: The Indian Rupee opened stronger at ₹85.71 against the US Dollar, appreciating by 7 paise from its previous close of ₹85.79, supported by foreign inflows.
• Dollar Index Weakens: The US Dollar Index fell 0.07% to 104.26, tracking a decline of 3.26% in March—the highest drop since November 2022—offering relief to emerging market currencies, including INR.
• Crude Oil Prices Mixed: Brent crude was slightly up by 0.05% at $74.07 per barrel, while WTI crude gained 0.07% to $69.97. Rising crude prices remain a key concern for India’s trade deficit.
• Foreign Inflows Support INR: Over the last six sessions, foreign investors have injected ₹32,488.6 crore into Indian equities, helping counteract global trade uncertainties and support the Rupee.
• INR Faces Resistance at 85.90: The Rupee is expected to trade within the ₹85.60–86.00 range today. A breakout above ₹85.90 could push the currency toward ₹86.40–86.50, while strong support lies in the ₹85.40–85.50 range.

Conclusion:
With strong foreign inflows and a weaker Dollar, the Rupee may remain stable. However, rising crude oil prices and global trade tensions pose risks. Traders will watch upcoming macroeconomic data for further cues.

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.