The Indian Rupee (INR) plunged to a fresh record low on Monday, driven by a strengthening US Dollar (USD), persistent foreign institutional investor (FII) outflows, and concerns over a potential trade war triggered by Trump's tariff announcement on major trading partners. While the Reserve Bank of India (RBI) is expected to intervene in the forex market to support the Rupee, traders remain cautious, awaiting the US ISM Manufacturing PMI report for January.
The Indian Rupee falls to a fresh record low in Monday’s Asian session. The strengthening USD and persistent outflows weigh on the INR. Investors await the US January ISM Manufacturing PMI report, which is due on Monday. The Indian Rupee tumbles on Monday. Trump’s announcement of the imposition of tariffs on major trading partners including China, Canada, and Mexico exert some selling pressure on the local currency.
On the other hand, the initial support level emerges at 86.51, the low of January 31. A decisive break below this level could expose 86.31, the low of January 28. Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee is one of the most sensitive currencies to external factors. The price of Crude Oil , the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential.
INDIAN RUPEE US DOLLAR TRADE WAR TARIFFS RESERVE BANK OF INDIA
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian Rupee Trades Flat Amidst USD Demand and Trump's Tariff ThreatsThe 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.
Read more »
Indian Rupee Recovers Amidst Oil Price Decline and RBI InterventionThe Indian Rupee (INR) shows signs of recovery on Friday, fueled by a drop in crude oil prices and the Reserve Bank of India's (RBI) more flexible approach to currency management. Although US Dollar demand from banks and uncertainty surrounding US tariffs weigh on the INR, the positive economic outlook and upcoming PMI data offer hope for further gains.
Read more »
Indian Rupee Loses Ground as USD Strengthens and Economic Slowdown Concerns MountThe Indian Rupee (INR) weakens on Monday despite last week's strong performance, driven by a stronger US Dollar (USD), foreign investor outflows, and worries about India's economic slowdown. The Federal Reserve's interest rate decision on Wednesday will be closely watched.
Read more »
Indian Rupee Flat Amid Trump Tariff Fears and Fed WatchThe Indian Rupee (INR) remains stable despite concerns over US President Donald Trump's potential tariffs on Canada and Mexico, along with ongoing foreign fund outflows. The Reserve Bank of India (RBI) is expected to intervene in the foreign exchange market to limit losses. Investors are keenly awaiting the outcome of the US Federal Reserve's interest rate decision, which is anticipated to remain unchanged.
Read more »
Indian Rupee Strengthens Amidst Trump Tariff Threats and RBI InterventionThe Indian Rupee (INR) recovers slightly on Thursday despite facing selling pressure and uncertainty surrounding US President Donald Trump's trade policies. Public sector banks, likely acting on behalf of the Reserve Bank of India (RBI), intervened to limit INR losses. However, month-end USD demand, NDF market maturities, and a cautious market mood could weigh on the INR. The upcoming release of advanced US Q4 GDP data and India's Federal Fiscal Deficit figures are also expected to influence INR movements.
Read more »
Indian Rupee Holds Steady Amid Global UncertaintyThe Indian Rupee (INR) maintains its position despite record lows and external pressures. Analysts predict slight depreciation in 2025 due to volatile investments and a potential strengthening US Dollar.
Read more »