The Indian Rupee (INR) is cautiously maintaining its recent gains against the US Dollar (USD), with the USD/INR pair hovering around 90.00 at the week's onset. This stability is largely attributed to the Reserve Bank of India's (RBI) active intervention in both the spot and non-deliverable forward (NDF) markets, which has bolstered the INR's position.
As traders navigate the foreign exchange landscape, the focus remains on the implications of the RBI's measures for future market movement. The intervention indicates the central bank's commitment to supporting the Rupee, which could influence investor sentiment and trading strategies in the coming sessions. With the exchange rate stabilizing near this critical level, market participants will be keenly watching for any further signals from the RBI.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.