The USD/INR currency pair turned marginally positive on Wednesday, despite a decline in the US Dollar ahead of the Federal Reserve's policy announcement. This shift occurred as the Indian Rupee (INR) retraced its early gains, reflecting the ongoing volatility in the forex market. As trading progressed into the afternoon, the INR managed to tick up against the USD, indicating a subtle resilience amid broader dollar weakness.
Market participants are closely monitoring the Fed's upcoming decisions, which are expected to influence global exchange rates significantly. As the USD remains under pressure, the INR's performance could be bolstered by any dovish signals from the Fed, leading to potential fluctuations in the USD/INR exchange rate. Traders are advised to remain vigilant as these developments unfold, as they could have implications for future trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.