USD/INR Holds Ground Amid Expectations of Foreign Inflows
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#e07cbe84 ver:0.51

The Indian Rupee (INR) remains steady against the US Dollar (USD) amid expectations of foreign inflows and cautious stance of the US Federal Reserve (Fed) officials. However, the rebound of oil prices and potential foreign exchange intervention by the Reserve Bank of India (RBI) may limit the upside for the INR. The upcoming US Retail Sales data and Indian CPI will further impact the USD/INR pair. The formation of the new government in India and inclusion of Indian bonds in the JPMorgan emerging market debt index also influence the INR. The pair is likely to be range-bound until high-impact data is released. #INR #USD #forex...

#newstr #Usd/inr #IndianRupee #ForeignInflows #IndianBonds #JpMorganEmergingMarketBondIndex #CrudeOilPrices #S&pGlobalRatings 

 https://here.news/story/e07cbe84?ver=0.51