The USD/INR currency pair opened at an all-time high on Wednesday, with the Indian Rupee (INR) plunging to a record low against the US Dollar (USD). This significant downturn is attributed to continued outflows from foreign institutional investors (FIIs) and a prevailing risk-off sentiment in the market. As traders reacted to these pressures, the exchange rate highlights the growing challenges facing the INR.
Market participants are closely monitoring the USD/INR pair as it approaches new technical levels, reflecting the impact of global economic uncertainties. With the ongoing risk aversion, investors are likely to favor the USD over emerging market currencies like the INR. This situation raises concerns about the broader implications for India's economy and its attractiveness to foreign capital amidst heightened volatility in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 05:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.