The Indian Rupee (INR) experienced a significant rebound against the US Dollar (USD) in Wednesday's trading session, as the USD/INR pair fell over 1% to approximately 90.00, sharply declining from its recent peak of 91.56. This movement was largely attributed to the Reserve Bank of India's (RBI) intervention in both spot and Non-deliverable Forward (NDF) markets, aimed at stabilizing the currency.
Market participants are now closely monitoring the upcoming US Consumer Price Index (CPI) data, which could influence the USD's strength and set the tone for global currency movements. The current trading levels suggest that the INR may continue to find support if the RBI maintains its intervention stance, while traders remain vigilant for further developments in the US economic landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 10:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.