The Indian Rupee (INR) continues to show resilience against the US Dollar (USD), maintaining last week's gains as the trading week kicks off. The USD/INR currency pair hovers near the 90.00 mark, reflecting a cautious sentiment in the market. This stability is largely attributed to the Reserve Bank of India's (RBI) intervention in both the spot and non-deliverable forward (NDF) markets, aimed at bolstering the Rupee's value.
The RBI's proactive measures to support the INR have effectively curbed significant fluctuations in the exchange rate, allowing the currency pair to cling to its recent losses. Traders are closely monitoring these interventions, as they play a crucial role in determining the future trajectory of the USD/INR pair, impacting overall market sentiment and trading strategies moving forward.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 10:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.