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Pushpendra Singh: USDT premium surges to 9 percent over official USD to INR rate

Pushpendra Singh: USDT premium surges to 9 percent over official USD to INR rate
USDT in India trades at premium

Pushpendra Singh, crypto educator and blockchain enthusiast, highlights that USDT is now trading at ₹105 while the official USD to INR rate remains around ₹94, resulting in a 9 percent premium.

He attributes this jump to an Enforcement Directorate crackdown that has disrupted USDT remittance channels, leading to a significant supply shortage even as demand continues to rise. Singh suggests uncertainty around crypto regulations is also a factor.

Singh has previously covered major events shaping India’s currency and crypto markets. In May 2026, he reported that the RBI sold $12 billion of gold to support foreign exchange reserves, the first sale of its kind since 1991 (full story). Earlier this year, Singh noted Bitcoin dropped below $60,000 for the first time since October 2024 (details).

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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