The Indian Rupee (INR) faces pressure against the US Dollar (USD) as the week begins, with the USD/INR currency pair holding steady near its recent monthly high of 90.70, achieved on Friday. This resilience comes amid ongoing foreign institutional investors (FIIs) selling in the Indian equity market, which has contributed to the INR's weakness.
As trading progresses, the exchange rate reflects broader market sentiment, with the INR struggling to regain strength. The persistent outflows from equities signal a cautious outlook among investors, prompting traders to closely monitor the USD/INR pair for further movements, especially in light of potential global economic developments that could influence currency dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 05:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.