The Indian Rupee (INR) shows little movement on Wednesday, influenced by conflicting factors. While persistent USD demand and Trump's potential tariff announcements on China may exert downward pressure on the INR, routine RBI intervention and declining crude oil prices are expected to limit its losses. Investors await key economic indicators like the HSBC India PMI and US S&P PMI.
The Indian Rupee trades flat in Wednesday’s Asian session. Renewed USD demand and Trump’s tariff announcements might weigh on the INR. The routine RBI intervention and lower crude oil prices might cap the downside for local currency. The Indian Rupee flat lines on Wednesday. The persistent US Dollar buying from foreign portfolio investors and local oil companies weighs on the lNR.
On the flip side, a move back below 86.18, the low of January 20, could clear the way for a dip to the next support level at 85.85, the low of January 10. The next downside target to watch is 85.65, the low of January 7. Indian economy FAQs How does the Indian economy impact the Indian Rupee? The Indian economy has averaged a growth rate of 6.13% between 2006 and 2023, which makes it one of the fastest growing in the world. India’s high growth has attracted a lot of foreign investment.
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