The Indian Rupee (INR) is experiencing selling pressure against the US Dollar (USD) as the USD/INR pair rebounds to approximately 90.20. This recovery comes after a period of volatility, influenced by the recent intervention from the Reserve Bank of India (RBI) aimed at stabilizing the currency. Despite the rebound, the pair remains in a corrective phase, reflecting ongoing market uncertainties.
Foreign Institutional Investors (FIIs) continue to offload Indian stocks, contributing to the downward pressure on the rupee. As the market digests these developments, traders will closely monitor fluctuations in the USD/INR exchange rate, which could be impacted by broader economic factors, including shifts in global risk appetite and monetary policy decisions. The current trading atmosphere suggests that the rupee's outlook will remain sensitive to further foreign investment trends and RBI actions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.