The Indian Rupee (INR) has reached a two-month low against the US Dollar (USD), with the USD/INR pair climbing to approximately 90.90. This decline reflects the INR's broader weakness, influenced by a persistent outflow of foreign institutional investments (FIIs) from the Indian stock market, which has heightened concerns about the currency's stability.
As the outflow of foreign funds continues, the exchange rate for USD/INR is increasingly sensitive to market sentiments and global economic conditions. Traders are closely monitoring this trend, as further depreciation of the Rupee could impact inflation and overall economic growth in India, while strengthening the dollar's position in the currency markets.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 07:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.