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| Name | Symbol | Market | Type |
|---|---|---|---|
| United States Dollar vs Indian Rupee | FX:USDINR | Forex | Exchange Rate |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0285 | -0.03% | 83.4702 | 83.467 | 83.4734 | 83.49895 | 83.39705 | 83.49875 | 0 | 03:28:03 |
From Nov 2023 to May 2024
The Indian rupee rebounded from a record low against the U.S. dollar in the evening session on Friday.
Fed Chair Powell's hawkish remarks overnight boosted the dollar and weighed on the rupee in the previous session.
Powell said that policymakers are not confident that they have achieved a sufficiently restrictive stance to return inflation to the target.
The Fed Chair asserted that more tightening may be required if necessary.
The Indian rupee was trading at 83.26 against the greenback, after falling to a record low of 83.47 in the previous session. The currency may find resistance around the 82.00 level.
1 Year US Dollar vs INR Chart |
1 Month US Dollar vs INR Chart |
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