The Indian Rupee (INR) opened nearly flat against the US Dollar (USD) on Tuesday, with the USD/INR exchange rate remaining stable amid a cautious trading environment. Consistent selling by foreign institutional investors (FIIs) has contributed to the INR's resilience, even as broader market conditions fluctuate.
Analysts maintain an upbeat outlook for the INR, attributing its steady performance to underlying economic fundamentals. While the currency pair appears to be consolidating around current levels, traders are keenly watching for any shifts in FII activity and potential impacts on the exchange rate dynamics. As the market navigates these influences, the INR's responsiveness will be crucial for future trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-30 05:47
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.