The Indian Rupee (INR) trades on a flat note on Wednesday despite the modest recovery of the Greenback.
The India n Rupee remains steady in Wednesday’s early Asian session. Finance Minister Nirmala Sitharaman announced raising the capital gains tax, which exerted selling pressure on the INR. Investors will monitor the preliminary India n and US PMI data for July, which are due on Wednesday. The India n Rupee trades on a flat note on Wednesday despite the modest recovery of the Greenback.
In the bearish case, any follow-through selling below the resistance-turned-support level at 83.65 might pave the way to 83.51, a low of July 12. The additional downside target to watch is 83.41, the 100-day EMA. 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 Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD 0.05% 0.09% 0.07% 0.27% -0.42% 0.42% 0.03% EUR -0.04% 0.04% 0.02% 0.23% -0.45% 0.
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