The Indian Rupee (INR) faced renewed pressure against the US Dollar (USD) at the start of the trading week, with the USD/INR currency pair climbing to nearly an all-time high of 91.55. This marked a significant move as the INR continues to struggle against its global counterparts, reflecting broader weaknesses in the Indian economy.
The ongoing selling by foreign institutional investors (FIIs) has contributed to the INR's decline, exacerbating its underperformance. As the exchange rate hovers close to historical peaks, market participants are closely monitoring the situation for potential implications on inflation and monetary policy, which could shape future trading dynamics in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 10:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.