USD/INR trades with mild gains, all eyes on Fed Powell’s testimony

USDINR News

USD/INR trades with mild gains, all eyes on Fed Powell’s testimony
IndiaSEOMacroeconomics
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The Indian Rupee (INR) weakens on Tuesday amid the recovery of the Greenback.

The India n Rupee trades in negative territory on Tuesday. The local currency declines on the back of a firmer US Dollar and fears of disruption in US oil supply. Investors will closely monitor Fed Chair Jerome Powell’s testimony on Tuesday. The India n Rupee weakens on Tuesday amid the recovery of the Greenback. The local currency loses traction as concerns about tropical storm Beryl disrupting US oil supply weigh on sentiment.

USD EUR GBP CAD AUD JPY NZD CHF USD 0.03% 0.08% 0.07% 0.12% 0.08% 0.21% 0.08% EUR -0.03% 0.05% 0.03% 0.08% 0.04% 0.18% 0.04% GBP -0.08% -0.03% -0.01% 0.04% 0.00% 0.13% -0.01% CAD -0.07% -0.04% 0.01% 0.05% 0.01% 0.14% 0.01% AUD -0.12% -0.09% -0.05% -0.05% -0.05% 0.09% -0.06% JPY -0.08% -0.04% -0.02% -0.02% 0.03% 0.14% 0.00% NZD -0.23% -0.20% -0.13% -0.15% -0.09% -0.13% -0.14% CHF -0.08% -0.05% 0.00% -0.01% 0.04% 0.00% 0.

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