The Indian Rupee (INR) opened the week on a bearish note against the US Dollar (USD), reflecting a persistent trend influenced by consistent selling from foreign institutional investors (FIIs). As traders assessed the currency pair, the exchange rate for USD/INR saw an uptick, signaling potential volatility ahead. The market remains cautious as the Reserve Bank of India (RBI) maintains a dovish monetary policy stance.
The ongoing foreign selling pressure has posed challenges for the INR, creating a complex dynamic in the currency market. With the RBI's softer approach, traders are closely monitoring technical levels and potential resistance as the USD continues to strengthen. As the situation unfolds, investors will be keen to gauge the implications on trading patterns and the overall forex landscape, particularly in relation to other major currency pairs like EUR/USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 05:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.