The USD/INR currency pair experienced a slight uptick as the Indian Rupee (INR) weakened against the US Dollar (USD) following a stable opening at the start of the week. Despite India’s impressive Q3 GDP data, which showcased robust economic growth, the exchange rate remained under pressure, highlighting the currency's vulnerability in the face of external factors.
Traders observed the USD/INR moving higher, indicating that market sentiment may have shifted due to global economic developments and ongoing geopolitical tensions. As the pair fluctuates, investors are keeping a close eye on key technical levels, with potential implications for future trading strategies. The resilience of the USD amidst strong economic indicators from India suggests a complex interplay in forex markets that could influence upcoming currency movements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.