USD/INR Weakens as Indian Rupee Gains Ground Amid Weaker Dollar
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#e07cbe84 ver:0.49

The Indian Rupee gains ground as the US Dollar weakens, but the upside may be limited due to cautious Fed officials and rebounding oil prices. The RBI may intervene to support the INR. Strong US Retail Sales data could further boost the USD. The INR's resilience is attributed to India's positive economic outlook, but rate cut expectations and foreign selling of Indian shares weaken the currency. The USD/INR pair is range-bound until high-impact data is released. Momentum suggests buyers are in control, with resistance at 83.51 and support at 83.43. #USD #INR #forex...

#newstr #Usd/inr #IndianRupee #UsDollar #UsRetailSales #FedOfficials #OilPrices #Rbi #ConsumerSpending #FedInterestRateDecision #IndianCpi 

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