USDINR traded flat in the European session on Wednesday going at 86.77 at the time of writing. The rupee is under pressure on increased dollar demand amid rising global crude oil prices. However, the Reserve Bank of India (RBI) interventions are likely to continue as the central bank will be keen on avoiding a retest…
The Indian Rupee (INR) displayed strength in the first three quarters of 2024, but ran out of stream in the last quarter of the year, with the downward momentum spilling over into 2025. USDINR has had a strong start to 2025 and is up by 2.25% year-to-date as of this writing. Multiple interventions by the…
The Indian rupee continues to weaken against the U.S. dollar, with USD/INR trading near 86.52, hovering close to record highs. While the Reserve Bank of India (RBI) has intervened, its efforts haven’t been aggressive enough to halt the uptrend. The big question is whether the rupee can fight back or if the USD/INR will push…
Strong inflation data from India broke the US dollar’s hold of the rupee on Tuesday, with the USDINR pair down by 0.06% and trading at 86.62 at the time of writing. India’s Wholesale Price Index (WPI) reading for December came out at 2.37%, substantially up from November’s 1.89% and exceeding the forecast rate of 2.30%….
