The Indian Rupee (INR) continues to strengthen against the US Dollar (USD), with the USD/INR exchange rate showing a notable decline due to speculations surrounding intervention by the Reserve Bank of India (RBI). This marks the second consecutive session of gains for the INR, as traders react to possible measures aimed at stabilizing the currency amid fluctuating market conditions.
Sentiment in the forex market has shifted, with traders increasingly betting on potential rate cuts by the Federal Reserve. This backdrop has added pressure to the USD, contributing to the INR's advance. As the USD/INR pair depreciates, market participants are closely monitoring the RBI's actions, which could significantly influence future trading dynamics in the currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 04:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.