The Indian Rupee (INR) is experiencing notable weakness against the US Dollar (USD) as the week begins, with the USD/INR trading near its all-time high of 91.55. This surge is largely attributed to ongoing selling by foreign institutional investors (FIIs) in the Indian equity market, which has intensified pressure on the local currency.
As the INR continues to lag behind its peers, traders are closely monitoring this currency pair for any signs of reversal. The persistent outflows from equities reflect broader market concerns, impacting investor sentiment and driving the exchange rate higher. In this environment, the dynamics of USD strength against the INR will be critical for traders as they assess future movements and potential intervention strategies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 07:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.