The Indian Rupee (INR) gained ground against the US Dollar (USD) on Thursday, following a steady opening. The USD/INR currency pair experienced a decline, trading near the 90.50 level, as market participants speculated that the Reserve Bank of India (RBI) might step in again to bolster the Rupee amid volatile conditions.
Traders are closely monitoring upcoming US inflation data, which could influence the USD's trajectory. Any significant shifts in the USD/INR exchange rate may prompt further RBI intervention, highlighting the delicate balance between currency stability and inflationary pressures in India. As the market reacts to economic indicators, the INR's resilience will continue to be tested against the strength of the dollar.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.