Indian Rupee (INR) loses momentum on Wednesday. The rise in crude oil prices to nearly a five-month high has exerted some selling pressure on the INR, as India is the world's second-biggest oil importer.
Indian Rupee struggles to gain ground amid the higher oil prices. The rising Middle East geopolitical tensions might weigh on the INR. Investors will focus on the US ADP Employment Change and the ISM Services PMI, due on Wednesday. Indian Rupee loses momentum on Wednesday. The rise in crude oil prices to nearly a five-month high has exerted some selling pressure on the INR, as India is the world's second-biggest oil importer.
In case of sustained trading below the support level near a high of March 21 at 83.20, the pair could fall back to 83.00 , 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 Euro. USD EUR GBP CAD AUD JPY NZD CHF USD -0.05% 0.03% 0.04% 0.07% 0.03% 0.18% 0.05% EUR 0.06% 0.09% 0.11% 0.15% 0.09% 0.23% 0.10% GBP -0.04% -0.09% 0.00% 0.04% -0.02% 0.13% 0.
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