The USD/INR currency pair opened lower on Thursday, trading around 90.20 as the Indian Rupee (INR) struggled to recover from the previous day's gains. Despite the Reserve Bank of India's (RBI) intervention on Wednesday aimed at stabilizing the exchange rate, investor sentiment remained cautious, leaving the Rupee vulnerable to further fluctuations against the US Dollar (USD).
Market analysts note that the INR's subdued performance highlights ongoing concerns over global economic conditions and domestic factors impacting investor confidence. As trading continues, the INR's ability to regain strength will depend on broader market dynamics and potential policy responses from the RBI to mitigate volatility in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.