Currency Monitor

The U.S. Dollar Index measures the strength of the U.S. Dollar against a basket of six major world currencies: Euro, Yen, Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. A rising DXY means the USD is gaining globally, which typically puts downward pressure on the INR and other emerging-market currencies.

Several factors move the rupee: India’s trade deficit, foreign portfolio flows, RBI interventions, U.S. interest-rate decisions, crude-oil prices, and global risk sentiment. When dollars flow out of India or oil prices rise, INR generally weakens; when foreign investment surges or the dollar weakens globally, INR strengthens.

It is the annualised standard deviation of the daily log returns of the exchange rate over the last 30 trading days, expressed as a percentage. Higher values mean the rate has been swinging more wildly. FX volatility is usually much lower than equity volatility; anything above ~10% for a major pair is considered high.

All pairs are quoted as "1 unit of foreign currency = X Indian Rupees" using the mid-market rate from Yahoo Finance. So USD/INR = 83.5 means 1 USD costs ₹83.50. This is the wholesale rate banks use among themselves before adding any spread.

The page fetches fresh data on every load from Yahoo Finance. During FX market hours (FX trades 24×5) the rates lag by up to 15 minutes. On weekends or holidays, you will see the last available close.

No. These are mid-market reference rates. Banks, card networks, and remittance providers add a spread of 1–3% (sometimes more for exotic currencies), plus fixed fees. Use these rates as a benchmark to evaluate how good your bank’s quote is, not as the rate you will actually transact at.

The mid-market rate is the midpoint between the buy and sell prices at which currencies are traded between large banks. It is the "true" exchange rate. The bank rate is what your bank quotes you, which includes a markup (the spread) and sometimes a service fee. The difference is how the bank earns revenue on the conversion.