USD/INR jumps to fresh record high on month-end US Dollar demand – FXStreet
The Indian rupee fell to a new record low in early European trading on Friday. A strong US dollar and end-of-month demand for US dollars from importers weighed on the Indian rupee. The RBI is likely to intervene in the foreign exchange market to prevent further depreciation of the domestic currency. The Indian rupee (INR) […]
USD/INR gains momentum as month-end US Dollar demand drags Indian Rupee lower – FXStreet
The Indian rupee came under selling pressure in early European markets on Wednesday. Weakness in Asian currencies and weakening demand for US Dollar at the end of the month will weigh on the INR. Investors are waiting to hear from Fed Governors Waller and Bostic on Wednesday for fresh impetus. The Indian Rupee (INR) extended […]