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The Indian Rupee gains ground in Monday’s Asian session.  Fresh foreign and USD inflows support the INR.  The preliminary readings of the India HSBC PMI and US S&P Global PMI reports will be the highlights later on Monday. The Indian Rupee (INR) trades stronger on Monday after closing its strongest in over two months. Positive domestic equities and fresh foreign fund inflows could provide some support to the Indian currency. Additionally, the US Dollar (USD) inflows help mitigate the impact of the decline in Asian peers. Nonetheless, a rebound in Crude...

The Indian Rupee softens in Wednesday’s Asian session.  The likely RBI intervention and softer US Dollar underpin the INR.  The Indian and US CPI inflation reports will take center stage later on Wednesday.  The Indian Rupee (INR) softens on Wednesday. The unabated outflows of foreign funds into Indian equities could exert some selling pressure on the local currency. Foreign investors have withdrawn almost $15 billion from Indian shares so far this year, putting outflows on track to surpass the record $17 billion registered in 2022. Nonetheless, the potential foreign exchange intervention...

The Indian Rupee strengthens in Wednesday’s early European session.  The likely RBI intervention and softer US Dollar underpin the INR.  The Indian and US CPI inflation reports will take center stage later on Wednesday.  The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency. Nonetheless, the unabated outflows of foreign funds into Indian equities could exert some selling pressure on the local currency. Foreign investors have...

The Indian Rupee strengthens in Wednesday’s Asian session.  The likely RBI intervention and softer US Dollar underpin the INR.  The Indian and US CPI inflation reports will take center stage later on Wednesday.  The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency. Nonetheless, the unabated outflows of foreign funds into Indian equities could exert some selling pressure on the local currency. Foreign investors have withdrawn...

The Indian Rupee trades flat in Wednesday’s early Asian session.  Renewed USD demand and persistent outflows by foreign institutional investors could undermine the INR.  India’s HSBC PMI and US ISM Services PMI will be the highlights later on Wednesday.  The Indian Rupee (INR) flat lines on Wednesday. The rising US Dollar (USD) buying by foreign banks and Indian importers, especially local oil companies, might exert some selling pressure on the local currency. Furthermore, the ongoing foreign outflows amid increasing global trade tensions could drag the INR lower. Foreign investors have...