Unsurprisingly, the currency pair USD and INR has an interesting and quite important relationship. All major currencies in the world are in one way or another connected to each other. Hence, there is no exception for the world’s number one leading currency and the currency used in the world’s “largest democracy.”
There is close to one and a half billion people living in India and the country’s economy is having a bigger impact on the global market every day. One of the main reasons why the US dollar and Indian rupee are connected is because of India’s constantly growing import and export. And since USD is the main reserve currency in the world, most of these transactions are done in USD instead of INR.
The two currencies also have a natural rivalry due to their roles as leading currency in the Western world (USD) and one of the top economies in Asia (INR). This relationship makes for perfect investment opportunities for anyone interested in trading the dollar vs.the rupee. As a matter of fact, the opportunities are so good that the dollar is the most traded currency in the world and the Indian rupee is the 18th most traded currency in the world. In combination, millions of dollars are spent on trades between the USD and INR every year.
Convert USD to INR
In order to make accurate decisions about trading the dollar to the rupee, you will first have to convert USD to INR. By doing this you get a glimpse of the currency pair’s price history so that you can better predict how they will act in the future. The best way to check the price and convert USD to INR is to use our very own and stylish designed currency converter.
Another reason why you might need to convert USD to rupee is if you are traveling from one country to the other. In fact, both the United States and India experience plenty of tourists from each other’s country. Likewise, many Indians move to the US in order to chase their dream for a better life for them and their children. For all of these people, a currency converter is needed so that they can check the price of 1 USD to INR and vice versa.