The Indian Rupee (INR) has continued its downward trend against the US Dollar (USD), with the USD/INR pair reaching a record high of 90.86 on Friday. This surge in the exchange rate underscores the ongoing challenges faced by the Rupee, particularly in the absence of any significant breakthroughs in US-India trade negotiations.
Market analysts attribute the Rupee's decline to a combination of factors, including a lack of positive sentiment surrounding trade discussions and broader concerns over India's economic outlook. As the USD strengthens, traders are closely monitoring this currency pair for further movements, with implications for import costs and overall inflation in India.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.