The Indian Rupee (INR) attracts some sellers on Thursday despite the weaker US Dollar (USD).
The India n Rupee weakens in Thursday’s Asian session. Higher crude oil prices weigh on the INR; rising US rate cut bets and Fed’s dovish view might cap the downside. Investors await the US weekly Initial Jobless Claims and Philly Fed Manufacturing Index, which are due on Thursday. The India n Rupee attracts some sellers on Thursday despite the weaker US Dollar . The extended recovery in crude oil prices exerts some pressure on the INR as India is the world’s third-largest oil consumer.
US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD 0.04% 0.03% 0.00% -0.12% 0.40% 0.00% 0.22% EUR -0.03% -0.01% -0.03% -0.16% 0.38% -0.04% 0.17% GBP -0.02% 0.01% -0.02% -0.15% 0.37% -0.02% 0.20% CAD 0.00% 0.04% 0.03% -0.13% 0.39% 0.00% 0.22% AUD 0.14% 0.17% 0.15% 0.13% 0.54% 0.12% 0.34% JPY -0.39% -0.37% -0.40% -0.41% -0.53% -0.43% -0.19% NZD 0.00% 0.04% 0.03% 0.01% -0.12% 0.42% 0.21% CHF -0.23% -0.17% -0.18% -0.21% -0.34% 0.20% -0.
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