The Indian Rupee (INR) declines against the US Dollar (USD) on Wednesday. The USDINR pair rises to near 88.30 ahead of the two-day Goods and Services Tax (GST) council meeting on Wednesday, aiming to revise tax slabs from four to two.
INR
Indian Rupee Goes From Asia’s Best to Worst in Two Weeks on Covid
The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
Indian Rupee Appreciated Against the U.S. Dollar
The Indian rupee appreciated against the U.S. dollar, supported by strong local equities and the dollar index retreating from over three-month highs.
Indian Rupee Up 0.22% to 71.63 Against Dollar
Indian rupee strengthened for the third consecutive session against the US dollar on Monday, amid mixed cues from other Asian currencies due to uncertainty over US-China trade deal.
Indian Rupee opened Higher at 71.70 per Dollar Against Yesterday’s Close of 72.02.
Indranil Pan, economist at IDFC Bank said that fading inflation risks will offer RBI room to provide greater flexibility to adjust rates either way depending on what’s needed.
USD/INR Spot ; Keep Eye on 71.15, Daily Chart Show Target – 71.80 Ultimate Target 74$ Very Very Soon – Neal Bhai Reports
USD/INR Spot ; Keep Eye on 71.15, Daily Chart Show Target – 71.80 Ultimate Target 74$ Very Very Soon – Neal Bhai Reports Technical Power of …
USD/INR Spot – Long Term Update and Report – Neal Bhai Reports
USD/INR Spot Updates – Keep Eye on 69, if hold and Closed above market ready for new high $75 Sure.