The Indian Rupee (INR) rebounded against the US Dollar (USD) after hitting a record low near 90.75 during Thursday's trading session. This recovery marks the end of a six-day losing streak for the INR as foreign banks intervened in the market, selling dollars to support the Indian currency. The exchange rate dynamics reflect a significant shift in market sentiment.
The intervention by foreign banks highlights the ongoing volatility in the currency pair, as the USD continues to exert pressure on emerging market currencies. Traders are closely monitoring these movements, as sustained dollar sales may stabilize the INR in the short term. Such fluctuations in the forex market could have broader implications for India's economic outlook, influencing trade balances and capital flows.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.