← GlossaryTrade & Currency
Exchange Rate
An exchange rate tells you how many units of one currency buy one unit of another, such as ₹95 per US dollar. It is set by supply and demand for currencies, influenced by trade, investment flows, interest rates and central bank action.
Why It Matters
Every imported good, foreign trip and overseas tuition fee depends on this one price.
In India
The rupee moved from below ₹88 per dollar in late 2025 to a record 96.97 in May 2026.
See it in the news
The rupee at 96, the RBI’s special window, and a week that finally went rightOct 17, 2026The RBI raised rates for the first time since 2023. Here’s whyOct 8, 2026The ceasefire is “over”: how one sentence moved oil 7%Jul 9, 2026A peace deal, oil at $72, and what “reopening” a strait actually meansJun 29, 2026