Recent USD to INR news has been dominated by the United States government removing India from the list of countries it is monitoring for currency manipulation, which it is hoped will pave the way for further and improved discussions between the two parties.
On top of that, the US’ decision to impose an extra 10% duty on importing goods manufactured in China will have a widespread impact across the global forex market, including the USD to INR rate. That’s because the US-China trade war will place pressure on currencies across Asia, including the Indian rupee.
Crude oil prices are also a factor worth considering for those traders following USD to INR news. India imports the vast majority of its crude oil, meaning any fluctuations in its pricing can have a significant effect on the USD to INR rate.