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

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 USDINR 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: 87.38 (+0.055%)
• Dollar Index (DXY): 107.35 (+0.1%)
• EUR/INR: 90.7650 (-0.024%)
• GBP/INR: 109.9609 (-0.059%)
• JPY/INR: 0.5841 (+0.32%) 

*As on 9:55 AM

Key Factors Impacting INR Today:

Factors Impacting INR Today:

• Rupee Weakens Slightly Against USD: The Indian Rupee depreciated marginally, with USD/INR rising to 87.38 (+0.055%), indicating mild dollar strength.
• Dollar Index Gains: The Dollar Index (DXY) climbed to 107.35 (+0.1%), suggesting broader strength in the US dollar against global currencies.
• Mixed Performance Against Other Currencies: While the rupee weakened against the Japanese Yen (JPY/INR: +0.32%), it showed slight gains against the Euro (-0.024%) and British Pound (-0.059%).

Conclusion:

The USD/INR exchange rate plays a pivotal role in shaping market sentiment, impacting key sectors like IT, exports, and import-heavy industries. Monitoring Rupee vs Dollar today, RBI policies, the Dollar Index, and FII inflows helps traders and businesses navigate currency fluctuations and make data-driven investment decisions.

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