The USD/INR currency pair surged to a two-week high as the Indian Rupee (INR) fell sharply against the US Dollar (USD) at the start of trading on Monday. The exchange rate opened lower, reflecting heightened market concerns driven by President Trump's tariff threats and escalating geopolitical tensions. This movement pushed the INR to its lowest point in nearly two weeks, highlighting vulnerabilities in the Indian currency amidst international trade uncertainties.
Traders are closely monitoring the implications of these tariff threats, as they could further strain market sentiment. The USD's strength is bolstered by its safe-haven appeal during times of geopolitical risk, leading to increased demand and a stronger dollar. As the USD/INR pair continues to fluctuate, market participants will be looking to key technical levels for potential trading opportunities in response to ongoing developments.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 06:37
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.