The USDINR pair attempted third consecutive weekly gains last week. The pair rose towards one week high 83.1850 as continued strength in the US dollar which hit six months high recently and sparking Crude oil prices supporting buying activities. The dollar strengthened by 0.26% against its major counterparts last week.
The USDINR pair set its third consecutive weekly gain last week. The pair inched higher to a multi-week high following the fears of slower economic growth in Asia amid mixed comments from the world’s major central bank. Further, a speculative jump in Crude oil prices which sparked near this year
The Indian rupee remained strong against the U.S. dollar last week. Major Asian currencies found support as the U.S. dollar continued trading weak. It falls after the Fed recent policy and on receding fears about the U.S. banking sector. Greenback weakened near its seven week low as traders contemplated the Federal
USDINR – Sentiment may remain negative if USDINR Spot failed to break 81.85 Dollar/Rupee settled down by 0.13% at 81.4710 as compared to previous 81.5740 on Wednesday, as weakness in US dollar continued weighing on sentiment. Dollar index which measures the greenback against a basket of currencies, tested 101.504 its
