The Indian Rupee (INR) loses traction on Friday amid the modest recovery of the US Dollar (USD).
The India n Rupee weakens in Friday’s early Asian session. The renewed demand for US Dollar and recovery of crude oil prices undermine the INR. India ’s Consumer Price Index and US Producer Price Index for June will be the highlights on Friday. The India n Rupee loses traction on Friday amid the modest recovery of the US Dollar . The demand for the Greenback from state-run banks and local importers limits the INR’s potential gains.
Sustained trading below the 100-day EMA at 83.37 could pave the way to the 83.00 round mark. The next downside target is seen at 82.82, a low of January 12. 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 0.07% 0.14% 0.06% 0.15% 0.71% 0.02% 0.09% EUR -0.07% 0.05% -0.02% 0.11% 0.56% -0.06% 0.00% GBP -0.14% -0.07% -0.08% 0.06% 0.53% -0.
India SEO Macroeconomics Emergingmarkets
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.
USD/INR trades with mild losses, eyes on US CPI dataThe Indian Rupee (INR) strengthens on the softer US Dollar (USD) on Thursday.
Read more »
USD/INR loses ground as Indian PMI data improve in JuneThe Indian Rupee (INR) gains ground on Friday due to the modest decline of the US Dollar (USD).
Read more »
USD/INR struggles to gain ground ahead of Indian Services PMI dataThe Indian Rupee (INR) trades with mild gains on Wednesday amid the weaker US Dollar (USD).
Read more »
USD/INR depreciates as Indian Rupee receives support on index inclusionThe Indian Rupee (INR) extends its gains for the second successive session during the Asian hours, which could be attributed to the expectations of foreign inflows.
Read more »
USD/INR edges lower as Indian Rupee receives support from expected foreign inflowsThe Indian Rupee (INR) recovers its recent losses on Thursday due to receiving support from the expectations of foreign inflows.
Read more »
USD/INR extends the rally on hawkish Fed projection, eyes on Indian WPI Inflation dataIndian Rupee (INR) weakens on Friday on the extended gains of US Dollar (USD).
Read more »