The USD/INR exchange rate has dipped as the US Dollar undergoes a correction amid ongoing tensions between former President Trump and Federal Reserve Chairman Powell. The Indian Rupee (INR) faced a challenging start to the week, trading under pressure against major currencies. Currently, the INR is weighed down by the impacts of rising oil prices and persistent foreign fund outflows from the Indian stock market.
As oil prices climb, the INR's depreciation reflects broader market concerns, particularly as investors react to the evolving political landscape in the US. This dynamic has heightened uncertainty around the currency pair, prompting traders to reassess their positions. The ongoing volatility could further influence the INR's performance, especially if foreign investment flows do not stabilize in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 07:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.