The Indian Rupee (INR) opened the week on a cautious note against the US Dollar (USD), with the USD/INR currency pair trading firmly near the weekly high of 90.66. This underperformance of the Rupee can be attributed to rising oil prices, which place additional pressure on the Indian economy, and a persistent outflow of foreign funds from the Indian stock market.
As traders monitor the exchange rate, the continued volatility in oil markets could keep the INR under pressure. Investors are likely to remain vigilant regarding further fluctuations in oil prices and their implications for the trade balance, which could prolong the Rupee's struggle against the stronger USD.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 05:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.