- The US Dollar
(USD) against the Indian Rupee (INR) is emerging as a popular currency pair out of the exotic pairs group. While the USD/INR pair is monitored by the Reserve Bank of India, resulting in a managed floating rate, other currency pairs against the Indian Rupee (including the Euro
) have a market-determined or floating exchange rate. As India's economy and business climate continue to develop and grow, trading the USD/INR pair has become an attractive investment opportunity for forex traders.