The Indian Rupee (INR) continues to struggle against the US Dollar (USD), marking its fourth consecutive day of losses on Tuesday. Despite a general weakening of the USD, the USD/INR currency pair remains resilient, reflecting ongoing market pressures that keep the INR under strain. Current trading shows the exchange rate hovering around 83.00, with traders eyeing potential support levels as the rupee’s decline persists.
Market analysts suggest that the INR's performance is influenced by a combination of domestic economic concerns and global risk sentiment. The persistent strength of the USD, bolstered by Federal Reserve policies, contributes to the rupee’s ongoing challenges. Additionally, fluctuations in the euro (EUR) against the USD also play a role in shaping the broader forex landscape, affecting trading strategies for investors monitoring the USD/INR pair closely.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 10:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.