The Indian Rupee (INR) plunged to record lows against the US Dollar (USD) on Wednesday, with the USD/INR trading at unprecedented levels. This decline has been driven by consistent outflows from foreign institutional investors (FIIs), raising concerns about the overall stability of the Indian currency in the forex market.
As the INR trades under pressure, market analysts are closely monitoring the exchange rate dynamics. The ongoing trend reflects a broader sentiment of uncertainty, which may continue to influence trading strategies. The prevailing market conditions could prompt further volatility in the currency pair, affecting import costs and inflation rates in the Indian economy.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 07:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.