Indian Rupee (INR) loses momentum near its lowest in a month on Wednesday.
Indian Rupee trades on a weaker note on Wednesday amid the firmer USD and rising crude oil prices. Indian economy is expected to grow by 8% this year due to a strong macroeconomic environment, RBI monthly bulletin reported. The Fed monetary policy meeting will take center stage on Wednesday. Indian Rupee loses momentum near its lowest in a month on Wednesday. The downtick of the pair is backed by the stronger US Dollar , rising crude oil prices, and tracking weakness in other Asian peers.
A breach of this level could extend the pair’s downtrend to 82.45 and then 82.25 . US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD -0.04% -0.01% -0.02% -0.21% 0.12% -0.11% 0.02% EUR 0.04% 0.04% 0.02% -0.15% 0.17% -0.07% 0.08% GBP 0.02% -0.04% -0.01% -0.19% 0.13% -0.11% 0.03% CAD 0.02% -0.02% 0.05% -0.17% 0.15% -0.09% 0.05% AUD 0.20% 0.
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