The Indian Rupee (INR) weakened against the US Dollar (USD) in early trading on Wednesday, with the USD/INR currency pair rising to approximately 90.16. This uptick occurs amid a broader corrective phase influenced by the Reserve Bank of India's (RBI) recent intervention in the forex market, which aimed to stabilize the exchange rate.
Despite the increase in the USD/INR pair, forward premiums have cooled down, indicating a shift in market sentiment. Traders are closely monitoring the implications of RBI actions and overall market trends as they assess future movements in the exchange rate. As the currency pair continues to navigate these dynamics, investors remain vigilant for any further interventions or economic indicators that could impact the INR's performance against the USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 09:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.