USD/INR logs in four-day losing streak amid a ray of optimism from India USD/INR is weakening for the fourth day in a row as recent government measures from India, coupled with fresh trade/investment news, keep the Asian currency on the front foot. With this, the price drops to 71.70 while heading into the European session on Friday. In contrast to the trade differences between the United States (US) and China, the US-India trade relations are likely to improve as both parties have recently agreed on equitable market access for a trade deal in recent days. Additionally, increased investments from global bond champions like Advent international, coupled with the hope for further government measures, as it did in recent days, favor the INR. Read more… USD/INR Technical Analysis USD/INR: Bears continue to guard the 71.90 barrier ahead of US data The Indian rupee rebounded sharply from daily lows of 71.87 against its American counterpart in the European session, as the USD/INR cross now flirts with daily lows near 71.73 regions. The renewed buying interest seen in the rupee can be mainly attributed to the new foreign trade policy announced by the Indian Foreign Minister Goyal, who said that the new policy will be replaced before end-March 2020. Read more… USD/INR Levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: Bitcoin crashes toward $7,000, at six-month lows, amid Chinese crackdown FX Street 3 years USD/INR logs in four-day losing streak amid a ray of optimism from India USD/INR is weakening for the fourth day in a row as recent government measures from India, coupled with fresh trade/investment news, keep the Asian currency on the front foot. With this, the price drops to 71.70 while heading into the European session on Friday. In contrast to the trade differences between the United States (US) and China, the US-India trade relations are likely to improve as both parties have recently agreed on equitable market access for a trade deal in recent days. Additionally, increased investments from global… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
