Indian Rupee extends downside ahead of US GDP data

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Indian Rupee extends downside ahead of US GDP data
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The Indian Rupee (INR) extends its decline on Thursday despite the softer US Dollar (USD).

The India n Rupee loses momentum in Thursday’s Asian session. The India n government's decision to raise the tax rate on capital gains dampened market sentiment, weighing on the INR. The first reading of the US second-quarter GDP growth number will be the highlight for Thursday. The India n Rupee extends its decline on Thursday despite the softer US Dollar .

US Dollar was the strongest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD -0.02% 0.05% 0.05% 0.34% -0.96% 0.08% -0.17% EUR 0.02% 0.08% 0.08% 0.37% -0.87% 0.12% -0.14% GBP -0.06% -0.07% 0.00% 0.28% -0.99% 0.01% -0.22% CAD -0.05% -0.07% 0.01% 0.29% -0.95% 0.04% -0.22% AUD -0.34% -0.36% -0.27% -0.29% -1.25% -0.26% -0.50% JPY 0.92% 0.88% 0.96% 0.94% 1.24% 0.98% 0.72% NZD -0.08% -0.10% -0.02% -0.03% 0.27% -1.04% -0.25% CHF 0.17% 0.14% 0.22% 0.21% 0.50% -0.73% 0.

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