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The USDT-INR rate is directly influenced by the strength of the Indian Rupee(INR) against the US Dollar(USD). In early 2025, the INR has been showing signs of depreciation, trading in the ₹85.50–₹86.50 range. A weaker INR means it costs more in rupees to buy USDT, naturally pushing prices up on P2P platforms and OTC desks.