USD/INR weakens ahead of Indian CPI data

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USD/INR weakens ahead of Indian CPI data
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Indian Rupee (INR) trades on a positive note on Wednesday despite the stronger US Dollar (USD).

India n Rupee edges higher on Wednesday amid the firmer US Dollar. The potential FX intervention from the RBI might protect INR from further weakness. The India n Consumer Price Index for May is due on Wednesday ahead of the US key events. India n Rupee trades on a positive note on Wednesday despite the stronger US Dollar . The downside for the INR might be limited as the Reserve Bank of India is likely to prevent local currency from depreciating.

USD EUR GBP CAD AUD JPY NZD CHF USD -0.02% -0.01% -0.04% -0.09% 0.01% -0.01% -0.03% EUR 0.02% 0.00% -0.02% -0.07% 0.03% -0.01% -0.01% GBP 0.01% 0.00% -0.02% -0.08% 0.02% 0.00% -0.02% CAD 0.04% 0.02% 0.04% -0.05% 0.05% 0.02% 0.00% AUD 0.09% 0.07% 0.07% 0.05% 0.10% 0.07% 0.06% JPY -0.01% -0.04% -0.03% -0.06% -0.10% 0.00% -0.04% NZD 0.01% 0.00% 0.00% -0.03% -0.08% 0.03% -0.01% CHF 0.03% 0.01% 0.02% -0.01% -0.06% 0.04% 0.

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