The Indian Rupee (INR) faced significant selling pressure against the US Dollar (USD) at the market open on Thursday, causing the USD/INR pair to surge to nearly 90.40. This sharp increase can be attributed to growing uncertainty surrounding ongoing trade discussions between the United States and India, which has left traders cautious and weighing the potential implications for economic relations.
As the currency pair climbed, market participants closely monitored the developments in the trade talks, which could impact the exchange rate moving forward. The INR's decline reflects broader concerns over trade dynamics, prompting traders to recalibrate their positions in response to evolving economic conditions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 05:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.