The USD/INR currency pair experienced significant upward momentum on Tuesday, continuing its rally as the Indian Rupee (INR) extended its losing streak for the fourth consecutive trading day. The exchange rate reflects mounting foreign outflows, contributing to the weakening of the INR against the US Dollar (USD). The current trading scenario showcases increasing pressure on the rupee as market participants react to ongoing economic indicators.
In addition, India's Purchasing Managers' Index (PMI) data has shown signs of cooling down, further influencing the forex market. The combination of foreign outflows and a slowing PMI could signal challenging times ahead for the INR. Investors will be closely monitoring these developments, as the implications of sustained USD strength against the INR may lead to increased volatility in the Indian currency landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 09:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.