The Indian Rupee (INR) is facing challenges in maintaining its momentum against the US Dollar (USD) as it attempts to build on last week's reversal. On Tuesday, the USD/INR currency pair rebounded from a recent low of approximately 89.25, indicating a recovery as the impact of the Reserve Bank of India’s (RBI) intervention begins to wane.
This pullback is driven by Indian importers seizing the opportunity to purchase USD at more favorable exchange rates. As the market adjusts, traders are closely monitoring this currency pair for further volatility, which could influence the broader forex landscape and impact trade dynamics in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 07:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.