The Indian Rupee (INR) maintains its momentum against the US Dollar (USD) at the week's outset, with the USD/INR currency pair lingering around the 90.00 mark. This stability can be attributed to the Reserve Bank of India's (RBI) proactive measures, including interventions in both the spot and non-deliverable forward (NDF) markets to bolster the rupee's position.
As traders keep a close eye on the exchange rate, the RBI’s actions highlight the central bank's commitment to managing currency fluctuations and supporting the domestic economy. Sustained efforts to curb the dollar's strength may set the stage for further INR gains, impacting overall market sentiment and influencing future trading strategies in the forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 05:47
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.