The Indian Rupee (INR) weakens on Tuesday, pressured by the recovery of the Greenback.
India n Rupee edges lower in Tuesday’s Asian session. India n foreign inflows and lower crude oil prices might support the INR. Investors will focus on the India n August HSBC Services PMI, US ISM Manufacturing PMI, which are due later on Tuesday. The India n Rupee weakens on Tuesday, pressured by the recovery of the Greenback. The positive India n equity market, the inflow of foreign funds and a decline in crude oil prices could limit the INR’s losses.
Any follow-through buying above this level could expose 84.50. In the bearish case, the first downside target is located at 83.84, the low of August 30. Further south, the next cushion level emerges at the 100-day EMA at 83.62. 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.
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 extends upside ahead of US PMI dataThe Indian Rupee (INR) remains under pressure after falling to an all-time low at the open on Monday.
Read more »
USD/INR rebounds ahead of Indian PMI data, RBI’s MPC MinutesThe Indian Rupee (INR) loses ground on Thursday, pressured by concerns about importers' US Dollar (USD) demand and foreign equity outflows.
Read more »
USD/INR rebounds ahead of Indian PMI dataThe Indian Rupee (INR) drifts lower on the stronger US Dollar (USD) on Monday.
Read more »
Australia's Judo Bank Manufacturing PMI rises to 48.7 in August, Services PMI improves to 52.2The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) rose to 48.7 in August from 47.5 in July, the latest data published by Judo Bank and S&P Global showed on Thursday.
Read more »
China's NBS Manufacturing PMI drops to 49.1 in August, Non-Manufacturing PMI improves to 50.3China’s official Manufacturing Purchasing Managers' Index (PMI) dropped to 49.1 in August, compared to 49.5 in the previous reading.
Read more »
USD/INR edges lower ahead of Fed Chair Powell’s speechThe Indian Rupee (INR) trades with mild gains on Friday as the dovish US Federal Reserve (Fed) minutes and lower crude oil prices support the local currency.
Read more »