USD/INR struggles to gain ground ahead of Indian Services PMI data

USDINR News

USD/INR struggles to gain ground ahead of Indian Services PMI data
IndiaSEOMacroeconomics
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

The Indian Rupee (INR) trades with mild gains on Wednesday amid the weaker US Dollar (USD).

The India n Rupee posts modest gains in Wednesday’s Asian session. India ’s foreign portfolio inflows and lower crude oil prices support the INR. Market players await India ’s HSBC Services PMI on Wednesday ahead of the FOMC Minutes. The India n Rupee trades with mild gains on Wednesday amid the weaker US Dollar . Foreign portfolio inflows into the equity markets have returned following the post-election outflows, which might boost the India n Rupee.

US Dollar price this week The table below shows the percentage change of US Dollar against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD -0.09% -0.29% 0.06% -0.02% 0.44% 0.30% 0.42% EUR 0.09% -0.21% 0.14% 0.07% 0.54% 0.38% 0.51% GBP 0.29% 0.21% 0.35% 0.28% 0.74% 0.59% 0.70% CAD -0.05% -0.14% -0.35% -0.07% 0.40% 0.24% 0.37% AUD 0.02% -0.06% -0.27% 0.07% 0.48% 0.31% 0.44% JPY -0.45% -0.56% -0.76% -0.38% -0.44% -0.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

India SEO Macroeconomics Emergingmarkets

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/INR loses traction ahead of Indian/US PMI dataUSD/INR loses traction ahead of Indian/US PMI dataMost recent article: 2024 Indian election: Continuity expected as Modi looks set to win third term Indian Rupee rebounds on Monday on the softer USD.
Read more »

USD/INR loses ground as Indian PMI data improve in JuneUSD/INR loses ground as Indian PMI data improve in JuneThe Indian Rupee (INR) gains ground on Friday due to the modest decline of the US Dollar (USD).
Read more »

USD/INR extends decline ahead of India’s PMI dataUSD/INR extends decline ahead of India’s PMI dataThe Indian Rupee (INR) strengthens on Monday on the softer US Dollar (USD).
Read more »

China's NBS Manufacturing PMI remains steady at 49.5 in June, Services PMI drops to 50.5China's NBS Manufacturing PMI remains steady at 49.5 in June, Services PMI drops to 50.5China’s official Manufacturing Purchasing Managers' Index (PMI) remained steady at 49.5% in June, compared to 49.5.
Read more »

USD/INR weakens ahead of Indian CPI dataUSD/INR weakens ahead of Indian CPI dataIndian Rupee (INR) trades on a positive note on Wednesday despite the stronger US Dollar (USD).
Read more »

USD/INR depreciates as Indian Rupee receives support on index inclusionUSD/INR depreciates as Indian Rupee receives support on index inclusionThe Indian Rupee (INR) extends its gains for the second successive session during the Asian hours, which could be attributed to the expectations of foreign inflows.
Read more »



Render Time: 2025-02-26 09:51:40