Indian Rupee (INR) extends its downside on Thursday. The rise in crude oil prices to their highest levels since October amid the ongoing geopolitical tensions in the Middle East, along with higher US Treasury bond yields, weighs on the INR.
Indian Rupee loses momentum on Thursday despite the weaker USD. The rise in crude oil prices and higher US Treasury bond yields exert some selling pressure on the INR. The final reading of Indian HSBC Services PMI for March is due on Thursday. Indian Rupee extends its downside on Thursday. The rise in crude oil prices to their highest levels since October amid the ongoing geopolitical tensions in the Middle East, along with higher US Treasury bond yields, weighs on the INR.
00 psychological level. On the other hand, the first support level is seen near a high of March 21 at 83.20. A breach of this level could see a drop to the 83.00-83.50 region , followed by a low of March 14 at 82.80. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD -0.04% 0.03% -0.05% -0.13% 0.09% -0.12% 0.04% EUR 0.02% 0.04% -0.02% -0.
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