The Indian Rupee (INR) continues its upward momentum against the US Dollar (USD), with the USD/INR exchange rate declining further as traders exercise caution ahead of the Federal Reserve's upcoming monetary policy announcement. This shift reflects market sensitivity to potential changes in interest rates, driving the currency pair to a lower trading range.
As investors assess the implications of Fed's decisions, the INR's strength signals growing confidence in India's economic outlook. Analysts are closely monitoring technical levels, with support seen around 73.50, while resistance remains at 74.00. The ongoing volatility in the USD/INR pair highlights the impact of global economic factors on local currencies, as traders position themselves for potential shifts in market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 05:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.