Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
The US dollar to Indian rupee exchange rate, and the most traded currency contract in India.
A weaker rupee helps IT and pharma exporters and hurts importers and oil companies. It redistributes rather than helping everyone.
A quote expressing how much of one currency it takes to buy another — USDINR being rupees per dollar, so a rising chart means a weaker rupee.
A ratio, not a price. Every move belongs to one of the two legs, and a stronger dollar worldwide is a different event from a weaker rupee specifically.
Exchange-traded contracts to exchange one currency for another at a future date.
USDINR and friends. Mostly used by importers, exporters and banks to hedge, not by investors to speculate.