Indian Rupee strengthens on weaker US Dollar, traders await Fed rate decision

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Indian Rupee strengthens on weaker US Dollar, traders await Fed rate decision
IndiaSEOMacroeconomics
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The Indian Rupee (INR) gains traction on Monday amid the softer US Dollar (USD).

The India n Rupee recovers on the weaker Greenback in Monday’s Asian session. Renewed US Dollar demand, India ’s foreign outflows and geopolitical risks might weigh on the INR. The Fed is widely expected to keep rates unchanged at its July 30-31 meeting. The India n Rupee gains traction on Monday amid the softer US Dollar .

70. If bearish momentum continues, look for further downside towards 83.51, a low of July 12. The next potential support level is seen at 83.44, 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 -0.10% -0.12% -0.07% -0.14% -0.39% -0.14% -0.18% EUR 0.08% -0.03% 0.04% 0.01% -0.23% 0.02% -0.08% GBP 0.11% 0.03% 0.07% 0.02% -0.

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