About Usdinr and Usdinr Trading
The USD/INR is an exotic currency pair, as it consists of a major currency (the U.S Dollar) and an emerging currency (the Indian Rupee - INR).
The Indian Rupee is the quote currency, and the U.S Dollar is the base currency. The USD/INR currency pair shows traders how much the USD is worth when compared to the INR.
How can you trade the USD/INR currency pair?
The USD/INR pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
As the benchmark for global trade, the U.S Dollar has a major impact on the Indian Rupee as well, with Fed's monetary stance and the all-important Dollar Index weighing heavily on the USD/INR pair.
Here at CAPEX.com, we offer the possibility to trade currency pairs, stocks, indices, commodities, and many other asset groups via CFDs. With this option, you can trade on the price movements of your chosen financial instrument without actually owning it. It works like this: if you predict that prices will go up, you can opt for a long position (BUY), and if you believe prices will tumble, you are free to open a short position (SELL).
For our particular example, you can follow the USD/INR live chart and live rate on the CAPEX WebTrader platform, decide on your move, and hit the BUY or SELL button to get into the game!
As for the trading timeframe for the USD/INR pair on CAPEX.com, you can trade it from Monday to Friday, between 03:45-09:59 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.