Rupee strengthens on ongoing foreign inflows. USD/INR losses to be capped by US-China trade/ political risks. Markets await FOMC minutes for fresh directives. The Indian Rupee stalled its recovery from three-day lows vs, the US dollar, as the USD/INR bears take a breather near 71.75 region, at the press time. The spot hit a low of 71.65 last hour after the Indian currency was boosted on the extended foreign inflows, in the wake of ArcelorMittal’s takeover of Essar Steel. However, the downside in USD/INR remains cushioned by the increased safe-haven demand for the US dollar across its main competitors amid renewed US-China tensions led risk-aversion. Apart from the ongoing US-China trade uncertainty, fresh trouble brewed between both the countries on the political front after the US Senate approved the Hong Kong human rights bill late-Tuesday. Beijing threatened to retaliate against the US political meddling into Chinese domestic affairs. Looking ahead, the pair will remain at the mercy of the USD price-action and risk trends amid US-China political woes and ahead of the key FOMC Oct meeting’s minutes that could throw fresh light on the US interest rates outlook amid growing overseas risks. 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 Gold climbs to near 2-week tops, beyond $1475 supply zone FX Street 3 years Rupee strengthens on ongoing foreign inflows. USD/INR losses to be capped by US-China trade/ political risks. Markets await FOMC minutes for fresh directives. The Indian Rupee stalled its recovery from three-day lows vs, the US dollar, as the USD/INR bears take a breather near 71.75 region, at the press time. The spot hit a low of 71.65 last hour after the Indian currency was boosted on the extended foreign inflows, in the wake of ArcelorMittal's takeover of Essar Steel. However, the downside in USD/INR remains cushioned by the increased safe-haven demand for the US dollar across its main competitors amid… 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.
