The USD/INR pair trades higher near 86.70 in Friday's Asian session, supported by renewed US Dollar demand and expectations of reduced US-India trade deficit. Investors await key economic data releases later in the day. Market participants are watching closely for developments surrounding trade policies between the US and India, as any escalation in trade tensions could benefit the safe-haven US Dollar.
USD/INR trades firmer to near 86.70 in Friday’s Asian session. Trump and Modi aim to cut the US trade gap with India amid global tariff concerns. The RBI intervention might help limit the INR’s losses. The USD/INR pair trades in positive territory around 86.70 during the Asian trading hours on Friday. The renewed US Dollar demand from importers underpins the pair. Investors await India’s Wholesale Price Index inflation and US Retail Sales for January later on Friday for fresh impetus.
Direct intervention by the Reserve Bank of India in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade.
Forex USD/INR Indian Rupee US Dollar Trade Deficit Tariffs RBI Intervention
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