The USD/INR pair gains some positive traction for the second successive day on Tuesday and climbs to a multi-day peak during the Asian session. Spot p
The technical setup warrants some caution for bulls and before positioning for further gains.USD/INR
The prospects for further policy tightening by the Federal Reserve continue to push the US Treasury bond yields higher and underpin the US Dollar . Apart from this, the risk-off impulse – as depicted by a weaker tone around the equity markets – assists the safe-haven Greenback to stand tall near its highest level since December 2022 touched on Monday. This, in turn, is seen as a key factor that continues to act as a tailwind for the USD/INR pair.
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