INR
INR, USD
Rupee Weakens on Fed Hike Bets, Oil
The Indian rupee weakened to around 95.5 per dollar, after trading largely flat in the previous week, as renewed expectations of a Federal Reserve rate hike strengthened the dollar and pushed US Treasury yields higher. Markets raised the probability of a September rate increase to nearly 60% following hawkish remarks from Fed Chair Kevin Warsh, […]
by Currency Hedger
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- 2 months ago
INR, Technical Analysis, USD
Indian Rupee strengthens due to strong capital inflows, RBI support
The Indian Rupee (INR) inches higher against the US Dollar (USD) for the second consecutive day on Monday, positioning itself for a quiet start to the week. Strong capital inflows have supported the local currency, though traders remain attentive to fluctuating oil prices and potential Reserve Bank of India (RBI) interventions designed to maintain stability. […]
by Currency Hedger
- 0 Comments
- 2 months ago