The Indian Rupee (INR) experienced a notable decline against the US Dollar (USD) on Friday, with the USD/INR currency pair surging to approximately 90.47. This sharp movement can be attributed to the strengthening of the USD as traders anticipate the release of the US Nonfarm Payrolls (NFP) data for December, scheduled for 13:30 GMT.
As market participants position themselves ahead of this key economic indicator, the exchange rate reflects heightened volatility and sentiment surrounding the USD's performance. The upcoming NFP data is expected to influence trading strategies, potentially affecting the USD/INR dynamics and broader market trends in the forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 07:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.