The Indian Rupee (INR) is facing continued pressure against the US Dollar (USD) as the USD/INR currency pair approaches the significant level of 90.00. Strong demand for the US Dollar from importers is driving this upward movement, reflecting a robust appetite for USD in the Indian market. This trend is compounded by persistent foreign capital outflows from Indian equities, further weakening the Rupee against its major counterpart.
As traders navigate this volatility, the exchange rate dynamics signal ongoing challenges for the INR. The increasing demand for the USD could lead to further depreciation of the Rupee if foreign fund withdrawals persist. Market participants will be closely monitoring these developments, as sustained pressure on the INR may affect overall economic stability and influence future trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 09:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.