The Indian Rupee (INR) saw a significant rebound against the US Dollar (USD) on Friday, with the USD/INR currency pair plunging over 1% to approximately 89.50. This sharp decline can be attributed to the active intervention of the Reserve Bank of India (RBI), which stepped in to bolster the rupee amid ongoing market volatility.
As the RBI continues to implement measures to stabilize the exchange rate, traders are closely monitoring the impact on the broader forex market. The move highlights the central bank's commitment to supporting the rupee, potentially influencing future trading strategies in the USD/INR pair and beyond. The market's reaction suggests a cautious optimism surrounding the INR's prospects in the face of external pressures.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.