Indian Rupee (INR) extends the rally on Friday, bolstered by interbank US Dollar (USD) sales.
India n Rupee trades on a positive note on the weaker USD on Friday. The uptick in INR is bolstered by interbank USD sales and easing Middle East tensions. The final reading of the US March Personal Consumption Expenditures Price Index will be the highlight on Friday. India n Rupee extends the rally on Friday, bolstered by interbank US Dollar sales. The softer USD against key rivals overseas and easing geopolitical tensions in the Middle East also supported the local currency.
analysts expect the Fed to leave its policy rate unchanged in May and said that economic growth and core inflation data in the coming months will likely impact policy in June and beyond. Technical analysis: USD/INR maintains a constructive outlook in the longer term The Indian Rupee trades stronger on the day. The positive outlook of USD/INR remains unchanged on the daily chart as the pair is above the key 100-day Exponential Moving Average .
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 loses traction ahead of Indian and US PMI dataThe Indian Rupee (INR) gains ground on Tuesday, backed by likely equity inflows and US Dollar (USD) sales from state-run banks.
Read more »
USD/INR edges lower ahead of Indian CPI dataIndian Rupee (INR) posts modest gains on Friday amid strong selling interest in the US Dollar (USD) and light demand from importers.
Read more »
USD/INR extends gains ahead of Indian Services PMI dataIndian Rupee (INR) extends its downside on Thursday. The rise in crude oil prices to their highest levels since October amid the ongoing geopolitical tensions in the Middle East, along with higher US Treasury bond yields, weighs on the INR.
Read more »
USD/INR flat-lines ahead of Indian PMI dataIndian Rupee (INR) trades on a flat note on Tuesday despite the firmer US Dollar (USD) following the upbeat US ISM Manufacturing PMI.
Read more »
USD/INR loses traction ahead of Indian, US Manufacturing PMI dataIndian Rupee (INR) trades on a stronger note on Monday despite the stronger US Dollar (USD).
Read more »
Indian rupee to rise modestly against dollar in next three months: Reuters pollIndian rupee to rise modestly against dollar in next three months: Reuters poll
Read more »