The Indian Rupee (INR) strengthens on Monday. The expectation that the US Federal Reserve (Fed) might cut the interest rate in September has lifted the INR.
The India n Rupee gains ground in Monday’s early European session. Fed rate cut hopes and lower crude oil prices support the INR. The renewed US Dollar demand might limit India n Rupee’s gains. The India n Rupee strengthens on Monday. The expectation that the US Federal Reserve might cut the interest rate in September has lifted the INR. Lower US interest rates could boost capital flows into higher-yielding emerging market assets, benefiting the India n Rupee.
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 Pound Sterling. USD EUR GBP CAD AUD JPY NZD CHF USD 0.01% -0.03% 0.01% 0.03% -0.01% -0.02% 0.00% EUR -0.01% -0.04% -0.01% 0.01% -0.02% -0.02% 0.00% GBP 0.02% 0.04% 0.04% 0.04% 0.01% 0.02% 0.03% CAD 0.00% 0.01% -0.03% 0.01% -0.03% -0.01% -0.01% AUD -0.03% 0.00% -0.04% -0.01% -0.03% -0.02% -0.01% JPY 0.00% 0.02% -0.03% 0.01% 0.06% -0.02% 0.
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