The Indian Rupee (INR) is under significant selling pressure against the US Dollar (USD), with the USD/INR currency pair revisiting an all-time high of approximately 90.70 during afternoon trading sessions on Thursday. This slump in the INR can be attributed to ongoing uncertainty surrounding trade discussions between the United States and India, creating volatility in the exchange rate.
As traders monitor the situation closely, the INR's decline highlights concerns over the impact of stalled trade negotiations on the Indian economy. The high exchange rate reflects a growing demand for USD, as traders seek safe-haven assets amid rising geopolitical tensions. Continued fluctuations in the USD/INR pair could signal further implications for both currencies, influencing foreign investments and economic stability in the region.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 07:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.