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What is likely to happen to USD/INR in November 2025
Here’s a quick summary of everything you need to know.
The USD to INR rate now stands around ₹87.75–₹88.10 per dollar.
RBI and falling oil prices have helped the rupee rebound, but risks remain.
If U.S. interest rates start to drop, the dollar may weaken slightly.
Traders are watching ₹87.70 as support and ₹89.15 as resistance.
If you're sending money to India, now may be a good time to do it, or at least lock in your rate.
Keep an eye on oil prices, U.S. Fed policy, and RBI actions before making any big decisions.
USD to INR: Where It Stands
Here's how the USD to INR exchange rate looks right now.
The USD to INR currency pair has been quite volatile in recent weeks.
After hitting a near-record high of ₹88.80 per dollar earlier this year, the Indian rupee has made a small comeback and is now trading closer to ₹87.75 to ₹88.10.
The recent appreciation is believed to be supported by intervention from the Reserve Bank of India (RBI), a decline in oil prices, and some weakening in the US dollar itself.
What’s Driving USD to INR?
Let’s look at what’s pushing the USD and INR up or down.
There are several key forces at play:
The US dollar has been strong because the U.S. economy remains solid and interest rates are high. This makes the dollar attractive to investors.
The Federal Reserve (U.S. central bank) has hinted it may start to lower interest rates, which could weaken the USD in coming weeks.
For India, the trade deficit has widened and foreign investors have pulled money out of Indian markets. This puts pressure on the rupee.
Tariffs from the U.S. on Indian exports and changes to work visas are hurting business and reducing confidence in long-term foreign investment.
On the positive side, the Reserve Bank of India has stepped in to support the rupee, especially when it got close to ₹89.00 per dollar. Falling oil prices also helped, since India imports most of its energy.
What Do the Charts Say?
Here’s how the USD to INR currency is behaving on a technical level (based on price trends).
Support (where the rupee may hold stronger): ₹87.70 to ₹88.20
Resistance (where the rupee may weaken again): ₹88.85 to ₹89.15
Right now, the rupee is trading between these levels. If it drops below ₹87.70, the rupee could get stronger. But if it goes above ₹89.15, it could see further weakness.
What to Watch in Next Month
These are key triggers that could move USD to INR in November 2025.
Signals from the U.S. Federal Reserve about interest rate cuts. If confirmed, the dollar could weaken further.
Crude oil prices. If oil becomes more expensive, the rupee could weaken due to India’s high oil import bill.
Foreign investor activity in Indian markets. If investors keep pulling out, the rupee could drop.
Any additional steps by the Reserve Bank of India to stabilize the rupee.
Risks Ahead
Here are the possible bumps in the road.
Sudden spikes in global oil prices due to conflicts or OPEC decisions.
If the U.S. labor market improves, the Fed might delay interest rate cuts, strengthening the USD.
Geopolitical tensions (especially involving the U.S.) may make investors seek safety in the dollar, weakening the rupee.
What This Means If You’re Sending USD to INR Abroad
Simple tips for people sending U.S. dollars to India.
The current exchange rate is favorable if you are sending USD to India, since the rupee is still relatively weak.
If the USD drops (due to expected rate cuts), you may get fewer rupees per dollar in the coming weeks.
Consider transferring soon if you want to lock in today’s higher rate. You can also use forward contracts or fix rates on some platforms to lock in good value for later transfers.
Compare remittance services, as rates and fees vary a lot. Small differences can add up!
Live USD to INR exchange rates
Converting USD to INR
If you are planning to send USD to India, you need to pick the right money transfer company to get the most INR on the other end.
Depending on your needs, it's best to use one of the following companies in November:
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History of the USD to INR
The US and India are among the biggest economies in the world in terms of GDP.
The US has a combined GDP of over $23 trillion while India recently overtook the UK to become the fifth biggest economy in the world after the US, China, Japan, and Germany.
India has a GDP of over $3.5 trillion as of 2022.
The USD to INR is therefore an important currency cross because of the vast volume of trade that happens between the two countries.
This volume started growing in the 1990s when India started to reopen its economy.
While India’s economy has been growing, its currency has been in a downward trend over the years.
Today, it is trading at about 82 against the US Dollar.
The Indian rupee has dropped by 28% in the past five years against the U.S. dollar.
It has also dropped by about 9% in the past 12 months even after the Federal Reserve and the Reserve Bank of India (RBI) have embraced an extremely hawkish tone.
The USD/INR pair is often influenced by a number of factors, including the actions of the Fed and RBI, economic numbers between the two countries, and global macro factors.
It is also affected by the overall trade volume between the US and India, which averages over $146 billion per year.
| Date | 1 US Dollar in INR |
|---|---|
| Oct 27, 2025 | 88.222350 INR |
| Oct 28, 2025 | 88.225750 INR |
| Oct 29, 2025 | 88.345850 INR |
| Oct 30, 2025 | 88.634750 INR |
| Oct 31, 2025 | 88.777250 INR |
| Nov 01, 2025 | 88.775204 INR |
| Nov 02, 2025 | 88.775202 INR |
| Nov 03, 2025 | 88.723550 INR |
| Nov 04, 2025 | 88.732250 INR |
| Nov 05, 2025 | 88.576103 INR |
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