Indian Rupee (INR) trades sideways on Tuesday amid multiple challenges.
Indian Rupee remains relatively quiet ahead of the FOMC meeting. A pullback in US Treasury bond yields and lower oil prices lift the Indian Rupee on Tuesday. Federal Open Market Committee's interest rate decision will be closely watched by traders. A pullback in US Treasury bond yields and lower oil prices lifts INR on the day. Nonetheless, the challenges from the Middle East geopolitical tension might boost safe-haven assets like the Greenback and act as a tailwind for the USD/INR pair.
US Dollar was the strongest against the Swiss Franc. USD EUR GBP CAD AUD JPY NZD CHF USD 0.62% 0.81% 1.09% -0.41% -0.17% 0.23% 1.29% EUR -0.62% 0.17% 0.47% -1.04% -0.79% -0.40% 0.68% GBP -0.81% -0.20% 0.27% -1.23% -0.99% -0.57% 0.47% CAD -1.09% -0.46% -0.27% -1.48% -1.27% -0.84% 0.20% AUD 0.39% 1.01% 1.22% 1.47% 0.22% 0.62% 1.67% JPY 0.16% 0.78% 0.98% 1.26% -0.22% 0.40% 1.45% NZD -0.23% 0.39% 0.57% 0.85% -0.63% -0.41% 1.04% CHF -1.30% -0.67% -0.48% -0.20% -1.69% -1.47% -1.
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