The Indian Rupee (INR) opened the week lower against the US Dollar (USD), reflecting ongoing market pressures. The USD/INR exchange rate gained ground amid persistent foreign outflows, which have been a concern for investors. As the rupee weakened, traders noted that the currency pair was influenced by recent economic developments and the Reserve Bank of India's (RBI) decision to cut interest rates.
This rate cut by the RBI has raised questions about the central bank's approach to combat inflation and stimulate growth, further contributing to the INR's decline. Market participants are closely monitoring the USD/INR trading activity, as any sustained weakness could lead to additional volatility in the currency pair. With foreign investments remaining uncertain, the outlook for the Indian Rupee appears challenging in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 08:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.