The Indian Rupee (INR) faces some selling pressure on Thursday as terrorist attacks in Kashmir, India, weighed on sentiment. Furthermore, rising crude oil prices undermine the Indian currency, as India is the world’s third-largest oil consumer.
MCX USD/INR
USD/INR अधिक बढ़ता है, FOMC मिनटों पर ध्यान केंद्रित करें
नए सिरे से अमेरिकी डॉलर (USD) की मांग के बीच बुधवार को भारतीय रुपया (INR) में गिरावट आई। घरेलू और विदेशी निवेशकों द्वारा भारतीय अर्थव्यवस्था में आशावादी दृष्टिकोण ने भारतीय इक्विटी के बाजार पूंजीकरण को बढ़ावा दिया है और हांगकांग के बाद दुनिया में पांचवां सबसे बड़ा बाजार बन गया है।
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.