Indian Rupee (INR) loses its recovery momentum on Wednesday amid the modest rebound of US Dollar (USD).
India n Rupee loses its recent gains on the renewed USD demand. The Dollar sales from banks, the decline in crude oil prices, and India ’s robust growth outlook might limit the INR’s downside. Investors will closely monitor the US March CPI inflation report and the FOMC Minutes on Wednesday. India n Rupee loses its recovery momentum on Wednesday amid the modest rebound of US Dollar . The markets turn cautious ahead of the key US inflation data, as it is expected to show a high inflation reading.
US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.06% 0.03% -0.07% 0.11% -0.01% -0.03% 0.08% EUR -0.06% -0.04% -0.10% 0.06% -0.06% -0.09% 0.03% GBP -0.03% 0.02% -0.08% 0.08% -0.04% -0.06% 0.06% CAD 0.05% 0.10% 0.07% 0.14% 0.04% 0.04% 0.13% AUD -0.12% -0.06% -0.06% -0.16% -0.11% -0.14% -0.01% JPY 0.01% 0.07% 0.03% -0.05% 0.11% 0.
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