The Indian Rupee (INR) opened slightly higher against the US Dollar (USD) on Tuesday, with the USD/INR currency pair trading down to approximately 90.30. This movement comes amid a notable cooling in the selling momentum from foreign institutional investors (FIIs), who have recently been pulling back from the Indian stock market.
Despite the current dip, the exchange rate remains dangerously close to its all-time high of 90.70, indicating a firm outlook for the rupee. The slowdown in foreign outflows may provide some support for the INR, suggesting a potential stabilization in the currency pair's performance as traders assess the implications of changing market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 04:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.