The USD/INR currency pair continues its upward trajectory as the Indian Rupee (INR) opens the week on a bearish note against the US Dollar (USD). This marks the third consecutive day of declines for the INR, driven by persistent selling from foreign institutional investors (FIIs) in the Indian stock market. The exchange rate reflects growing concerns over market stability, contributing to the Rupee's weakened position.
As the USD strengthens, traders are closely monitoring technical levels for potential breakouts or reversals. The ongoing FII selling pressure raises questions about future investment flows, which could further impact the INR's performance. With the USD/INR trading higher, market participants are advised to stay alert to shifts in sentiment and broader economic indicators that may influence the currency pair in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 08:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.