The Indian Rupee (INR) faced downward pressure against the US Dollar (USD) in early trading on Wednesday, with the USD/INR currency pair rising to approximately 90.16. This increase comes as foreign institutional investors (FIIs) continue to withdraw their stakes from the Indian equity market, reflecting concerns over market conditions and future growth prospects.
Despite the recent upward movement in the exchange rate, the USD/INR pair remains in a corrective phase, indicative of the Reserve Bank of India's (RBI) intervention measures taken last week. Traders are closely monitoring these developments, as ongoing FII outflows could lead to further volatility in the currency pair and affect broader market sentiment surrounding the INR.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.