Indian Rupee pressured by RBI rate cut expectations
pre-market1 source ↓written by the desknot a recommendation
- USD/INR pair nearing
- 88.85
- showing inflation
- 0.25%
The Indian Rupee is under pressure against the US Dollar, with the USD/INR pair nearing 88.85. This follows speculation of interest rate cuts by the Reserve Bank of India in December, fueled by October's CPI data showing inflation at 0.25%. Foreign Institutional Investors have also been net sellers this week, adding to the Rupee's challenges.
Not investment advice. For informational purposes only.