US stocks end higher as inflation data cements bets on rate hike pause • Reuters • 8 hours ago. Dow Jones +0.43% +145.79. Dow Jones.. The Indian rupee is the official currency in the.

The US Federal Reserve is expected to continue to hike interest rates into 2023 to battle the current high inflation within the US, which could further strengthen the US dollar against the Indian rupee. At the start of 2022, USD to INR traded at 74.50, and eventually rose to 83.50 in late October, which marked a record high.