The Indian Rupee (INR) strengthened against the US Dollar (USD) on Tuesday, breaking a three-day losing streak. The USD/INR currency pair corrected to around 90.35 as the US Dollar Index (DXY) retraced sharply from a three-week low of 98.86 reached on Monday. This shift reflects an improved market sentiment, contributing to the INR's positive performance.
As traders reacted to the DXY's decline, the exchange rate dynamics between the INR and USD showcased the Rupee's resilience. The market mood appears to have shifted, suggesting increased confidence among investors. This trend could have implications for future trading strategies, as fluctuations in the USD may continue to influence the INR's movements in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 10:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.