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USD/INR: Risk-off may weigh over Indian Rupee

The Indian Rupee (INR) may come under pressure on Wednesday, courtesy of the renewed US-China political tensions and the resulting risk-off tone in the equity markets. The downside, however, may be capped by the Indian government’s focus on fiscal prudence. Read more…

Indian Rupee Technical Levels

USD/INR remains under pressure as US-China tussle dominates Asia

Given the US-China jitters’ negative impact on Asian markets, not to forget the overall risk-tone, the USD/INR pair extends the previous day’s downpour to 71.70 while heading into the European open on Wednesday.

The quote recently came under pressure as negotiators from the United States (US) and China keep jostling over the trade with the latest roadblock being tariff reversal. The US President Donald Trump keeps using threats to push China towards a deal. Read more…

USD/INR Technical Analysis