Indian Rupee Weakens as USD/INR Gains Ground Ahead of Indian GDP and US PCE Data
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#e07cbe84 ver:0.45

The Indian Rupee weakens against the US Dollar as USD/INR gains ground ahead of Indian GDP and US PCE data. The decline in the INR is due to USD demand, uncertainties surrounding India's elections, and foreign outflows in Indian equities. The USD/INR pair turns bullish, crossing above the 100-day EMA. The outcome of India's elections and US GDP data will impact the pair. The INR weakens further due to the higher-for-longer US rate mantra and the release of US Core PCE data. Goldman Sachs analysts highlight the INR's high carry-to-volatility ratio. #INR #USD #GDP #PCE...

#newstr #IndianRupee #Usd/inr #UsDollar #IndianGdp #UsPceData 

 https://here.news/story/e07cbe84?ver=0.45