USD/INR Price News: Indian Rupee pares weekly loss near 82.50 amid jittery markets – by anilpanchal7 USDINR Oil Fed RiskAversion YieldCurve
NR) pair remains firmer for the second consecutive week heading into the next Wednesday’s Federal Open Market Committee monetary policy meeting.
Elsewhere, mixed US data raised doubts about the Federal Reserve’s future rate hikes, even if the 25 basis points of an interest rate increase is almost given, which in turn allows the USD/INR to pare recent gains. Furthermore, the easing in, despite the latest rebound, also favors the INR due to India’s reliance on energy imports and heavy current account deficit.
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