The Indian Rupee (INR) fell sharply against the US Dollar (USD) on Friday, with the USD/INR currency pair climbing to approximately 90.47. This surge comes as the USD strengthens ahead of the highly anticipated Nonfarm Payrolls (NFP) data for December, set to be released at 13:30 GMT. Traders are closely monitoring this economic indicator, which is expected to influence market sentiment and trading strategies.
As the USD displays robust gains, the exchange rate reflects broader trends in the forex market, with investors seeking safe-haven currencies amid ongoing economic uncertainties. The upcoming NFP data will likely have significant implications for the USD's trajectory, with potential volatility in the currency pair as traders react to the results. The market remains on edge, waiting for clear signals that could dictate future movements in the USD/INR exchange rate.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 08:57
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.