USD/INR extends gains ahead of US CPI data

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USD/INR extends gains ahead of US CPI data
IndiaSEOMacroeconomics
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Indian Rupee (INR) extends its upside on Tuesday. A positive bias in INR is bolstered by the risk appetite in global markets, Foreign Institutional Investors (FIIs) inflows, and strength in the domestic markets.

India n Rupee gains momentum on Tuesday due to the risk appetite and robust India n economy outlook. The upbeat US labour market data and delaying rate cut expectation acts as a tailwind for USD. The US March CPI report on Wednesday will be a closely watched event. India n Rupee extends its upside on Tuesday. A positive bias in INR is bolstered by the risk appetite in global markets, Foreign Institutional Investors inflows, and strength in the domestic markets.

45 could open the pair to a move back to its all-time high of 83.70 en route to the 84.00 psychological level. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.05% 0.01% 0.07% 0.00% 0.02% -0.13% -0.02% EUR -0.05% -0.03% 0.03% -0.05% -0.03% -0.18% -0.06% GBP -0.01% 0.04% 0.07% -0.02% 0.01% -0.13% -0.03% CAD -0.08% -0.03% -0.06% -0.

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