The USD/INR currency pair maintains its upward momentum as the Indian Rupee (INR) faces pressure from ongoing foreign outflows. As the week commences, the exchange rate reflects a bearish trend for the rupee, marking the third consecutive trading day of losses against the US Dollar (USD). Traders are closely monitoring the situation, as consistent capital outflows signal investor caution towards Indian markets.
With the INR struggling to gain traction, the exchange rate has implications for inflation and import costs in India. Analysts suggest that if the trend persists, it could lead to increased volatility in the forex market, particularly affecting the INR's performance against other major currencies like the Euro (EUR). Traders should prepare for potential fluctuations as the market responds to ongoing economic developments and shifts in investor sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 05:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.