The Indian Rupee (INR) opened on a bullish trajectory against the US Dollar (USD) on Friday, reflecting optimism in the forex market as US inflation figures showed signs of cooling. This development has contributed to a favorable exchange rate for the INR, pushing traders to reassess their positions in the USD/INR currency pair. The pair saw initial trading at 82.30, indicating a stronger INR compared to previous sessions.
Market analysts are closely monitoring the implications of the softer inflation data, which could influence the Federal Reserve's monetary policy decisions. As the USD weakens, the EUR also faces mixed sentiment, impacting its exchange rates against emerging currencies. Traders are advised to watch key technical levels in the USD/INR pair for potential breakout opportunities as the market adjusts to this newly emerged data.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 05:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.