USD/INR loses momentum amid India’s foreign inflow hopes

The Indian Rupee (INR) gains traction on Tuesday, supported by the softer US Dollar (USD) across the board.

The India n Rupee drifts higher on the weaker US dollar on Tuesday. India ’s inflows might lift the INR, while the weakness in major Asian peers, higher oil prices might cap the upside. Traders await US Chicago Fed National Activity Index, Consumer Confidence and the speech from Fed’s Cook and Bowman on Tuesday. The India n Rupee gains traction on Tuesday, supported by the softer US Dollar across the board.

Further south, the next downside barrier is located at the 83.00 round figure. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the Swiss Franc. USD EUR GBP CAD AUD JPY NZD CHF USD -0.05% -0.10% -0.12% -0.09% -0.12% -0.04% -0.16% EUR 0.05% -0.08% -0.06% -0.03% -0.06% 0.01% -0.09% GBP 0.11% 0.06% -0.01% 0.02% 0.00% 0.07% -0.03% CAD 0.12% 0.07% 0.01% 0.03% 0.00% 0.08% -0.04% AUD 0.09% 0.03% -0.

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