The Indian Rupee (INR) opened weaker against the US Dollar (USD) on Tuesday, with the USD/INR currency pair climbing to nearly 90.00. This uptick reflects the INR's underperformance against its peers, primarily driven by robust demand for the USD from importers and a continuing trend of foreign fund outflows from India's stock market.
The persistent foreign outflow is exerting downward pressure on the INR, highlighting investor concerns about market stability. As traders navigate these conditions, the exchange rate dynamics suggest that volatility may persist, influencing future trading strategies as the market reacts to shifting capital flows and currency demand.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 05:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.