The Indian Rupee loses momentum in Tuesday’s Asian session. Renewed USD demand could weigh on the INR, but routine RBI intervention and lower crude oil prices might cap its downside. Investors will take more cues from Trump’s policy announcements this week. The Indian Rupee (INR) tumbles on Tuesday after reaching a one-week high in the…
The Indian Rupee holds steady in Wednesday’s Asian session. Outflows from local equities and the widening of India’s November merchandise trade deficit could weigh on the INR. The Fed interest rate decision will take center stage on Wednesday. The Indian Rupee (INR) trades on a flat note on Wednesday after reaching a new record low…
The Indian Rupee extends its downside in Tuesday’s Asian session. Trump’s tariff threat, foreign fund outflows, and a stronger USD weigh on the INR. The US October JOLTs Job Openings will be released on Tuesday. The Indian Rupee (INR) remains under pressure on Tuesday after depreciating to a fresh all-time low in the previous session….
The Indian Rupee trades flat in Wednesday’s early European session. RBI’s MPC decided to keep the repo rate unchanged at 6.5% in its October meeting on Wednesday. Lower crude oil prices and potential RBI’s foreign exchange intervention might underpin the INR. Investors await the FOMC Minutes, which is due on Wednesday. The Indian Rupee (INR) trades on…