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The Indian Rupee strengthens in Tuesday’s Asian session. The Fed’s dovish stance and lower crude oil prices support the INR, but renewed US Dollar demand might cap its upside. Investors brace for India’s HSBC Manufacturing PMI data and Fed’s Powell speech later on Tuesday. The Indian Rupee (INR) edges higher on Monday as the dovish remarks from the US Federal Reserve (Fed) and rising fiscal worries undermine the Greenback. Additionally, a decline in Crude oil prices provides some support to the INR. It’s worth noting that India is the world's third-largest oil consumer, and...

The Indian Rupee gains further to near 85.80 against the US Dollar amid a positive market mood.Oil prices are likely to fall further if Israel and Iran keep to the truce.Fed’s Powell reiterates that the central bank needs more clarity on tariffs before reducing interest rates.The Indian Rupee (INR) extends winning streak against the US Dollar (USD) for fourth trading day on Wednesday, posts a fresh weekly high around 85.80. The USD/INR pair slides further as the Indian currency strengthens on expectations that the Oil price could decline further, following...

The Indian Rupee slumps to near 86.85 at open against the US Dollar as rising crude prices have battered the former.Iran threatens to close the Strait of Hormuz following the US attack on Tehran’s nuclear facilities.Fed’s Waller supports reducing interest rates in the July policy meeting.The Indian Rupee (INR) opens on a bearish note against the US Dollar (USD) and jumps to near 86.85 at the start of the week. Investors were bracing for a significant negative opening of the USD/INR pair, following the risk-off market sentiment and a sharp...

Indian Rupee recovers in Monday’s early European session. Stronger GDP data from India supports the INR, but higher oil prices and RBI rate cut bets might cap its upside.  Traders await the US May ISM Manufacturing PMI data later on Monday ahead of the RBI rate decision. The Indian Rupee (INR) rebounds on Monday, snapping the four-day losing streak. The upbeat India’s Q1 Gross Domestic Product (GDP) report boosts equities and lifts the local currency both via portfolio inflows and sentiment.Nonetheless, a rise in crude oil prices might drag the Indian currency lower....

Indian Rupee recovers in Monday’s early European session. Stronger GDP data from India supports the INR, but higher oil prices and RBI rate cut bets might cap its upside.  Traders await the US May ISM Manufacturing PMI data later on Monday ahead of the RBI rate decision. The Indian Rupee (INR) rebounds on Monday, snapping the four-day losing streak. The upbeat India’s Q1 Gross Domestic Product (GDP) report boosts equities and lifts the local currency both via portfolio inflows and sentiment.Nonetheless, a rise in crude oil prices might drag the Indian currency lower....

Indian Rupee posts modest gains in Friday’s early European session. The downbeat US economic data and uncertainty of Trump's policies weigh on the US Dollar. Traders brace for India’s Q1 GDP and US April PCE inflation reports, which are due later on Friday.The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD). A decline in crude oil prices provides some support to the Indian currency,...

Indian Rupee posts modest gains in Friday’s Asian session. The downbeat US economic data and uncertainty of Trump's policies weigh on the US Dollar. Traders brace for India’s Q1 GDP and US April PCE inflation reports, which are due later on Friday.The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD). A decline in crude oil prices provides some support to the Indian currency, as...