Friday , 20 September 2024
Home Forex USD/INR rebounds amid firmer US Dollar, hawkish Fed stance
Forex

USD/INR rebounds amid firmer US Dollar, hawkish Fed stance

Indian Rupee (INR) is losing its recovery momentum on Wednesday amid US Dollar (USD) demand from importers and bets that US Federal Reserve (Fed) rate cuts are not imminent.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

PBOC is expected to set the USD/CNY reference rate at 7.0637 – Reuters estimate

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The...

ICYMI – China’s state planner promises more stimulus (describes as ‘incremental’)

The National Development and Reform Commission of the People's Republic of China...

Japan data – August CPI Headline +3.0% y/y (vs. 3.0% expected)

Japanese CPI Overall 3.0% y/yexpected 3.0%, prior 2.8%Core CPI (excluding fresh food)...

UK consumer confidence September: -20 (vs. -13 expected). Lowest since March 2024.

UK GfK Consumer Confidence September 2024 is disappointing, turns even more deeply...