The US dollar rate today in India stands at ₹84.68, showing a marginal gain of 0.06% from the previous close. This comes amid steady foreign inflows and cautious global market sentiment.
US Dollar to INR Exchange Rate Today
| Date | 1 USD to INR | Change (%) |
|---|---|---|
| May 3, 2025 | ₹84.68 | +0.06% |
| May 2, 2025 | ₹84.63 | -0.27% |
What’s Driving the USD-INR Movement?
The US dollar rate today in India is being shaped by a mix of global and domestic factors:
- US Economic Data: Investors are reacting to the latest US GDP slowdown, which has slightly softened dollar strength globally.
- Rupee Momentum: The Indian rupee continues to show resilience, backed by strong fundamentals and improving investor confidence.
- Asian Currency Strength: Positive cues from Asian markets are helping the INR maintain stability despite global headwinds.
According to analysts, the USD to INR pair may continue to trade in the range of ₹84.40 to ₹85.00 in the near term, with fluctuations tied to trade developments and US Federal Reserve policy expectations.
Currency strategists project that the US dollar rate in India could see moderate volatility ahead of key economic announcements in both the US and India. With easing oil prices and stable foreign exchange reserves, the rupee is expected to remain relatively steady.
Investors and travelers are advised to monitor rates closely, especially with potential geopolitical developments and central bank policy updates on the horizon.