USDINR traded downward in Thursday’s early hours , going at 85.48 to stay on course to register the sixth successive loss. The trading pair is down by 0.2% year-to-date and pressure is mounting on the US dollar as the trade tariff war escalates the likelihood of a recession in the United States. The Reserve Bank…
USDINR traded upwards on the opening day of the week as the global trade tariff war continued to bite. The currency pair traded at 85.74 at the time of writing, up by 0.8% and on course to register its second successive daily gain. Nonetheless, some traders continue to dump the dollar amid growing skepticism over…
The Indian rupee continues to gain ground against the US dollar and was up on Monday to send the USDINR pair to three-month lows of 85.39. The pair has been on an extended downtrend in the last three weeks and is down by 0.2% year-to-date. The rupee’s upsurge is propelled by rising foreign institutional inflows…
After a prolonged bearish streak, the USD/INR currency pair finally turned green, sparking hopes of a technical rebound. With the pair bouncing off critical support near ₹85.50, traders are watching closely for signs of sustained recovery. Fundamental Overview: What’s Driving the USD/INR Recovery? The Indian rupee had strengthened aggressively recently, pushing USD/INR to multi-week lows….
The USDINR currency pair was down on Monday, extending its decline to the eighth session out of the last ten. The currency pair hit a year-to-date low of 85.48, driven by recovery of the Indian equities markets, underlined by increased foreign inflows. In addition, the latest macroeconomic data from India added support to the ruppee….
The USD/INR exchange rate surged to a three-week high, maintaining strength after the Fed Reserve left interest rates unchanged. The decision reinforced the dollar’s dominance, keeping pressure on the Indian Rupee. As markets digest the Fed’s stance, traders are closely monitoring key support and resistance levels to gauge the next move in USD/INR price action….
USDINR inched up on Wednesday, trading at 87.20 after gaining 0.05% at the time of writing. The Indian rupee is under pressure on increased import demand for the dollar and high foreign institutional outflows from equities markets. Meanwhile, the US dollar is holding up but its upside is limited by concerns over the trajectory of…
The Indian rupee gained against the US dollar for the second successive session on Wednesday, as trade tariff concerns and soft US economic data weighed on the dollar. The USDINR currency pair traded at 89.97 at the time of writing, down by 0.3% on the daily chart. US tariffs against China, Canada and Mexico kicked…
USDINR declined on Wednesday, trading at 87.03 at the time of writing after declining by 0.1% on the daily chart. The pressure on the pair is driven by weak US data and continued interventions by the Reserve Bank of India (RBI). In addition, the escalation of tariff war between the United States and its trade…
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