Rupee weakens as USD/INR rebounds after Iran news
pre-market1 source ↓written by the desknot a recommendation
- USD/INR rising
- ₹94.30
- ₹93.30
- increase
- 0.15%
- which reached
- 99.30
- added pressure
- 56.5
The Indian Rupee fell against the US Dollar on Tuesday, with USD/INR rising to ₹94.30 from ₹93.30. This rebound followed a 0.15% increase in the US Dollar Index, which reached 99.30. Foreign outflows and a decline in India's Composite PMI to 56.5 added pressure on the Rupee.
• Foreign Institutional Investors sold ₹97,195.12 cr in March.
• Higher oil prices reduced expectations for Federal Reserve rate cuts.
Traders should monitor ongoing geopolitical tensions and their impact on currency movements.
Not investment advice. For informational purposes only.