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USD/INR refreshes four-week high amid consistent FIIs selling in Indian equity market
Key Takeaways (30s Read)
USD/INR hits a four-week high due to continuous selling by foreign institutional investors.
The USD/INR pair has reached a four-week high, reflecting a downside in the Indian Rupee as it trades around 90.70. This decline is attributed to sustained outflows from foreign institutional investors (FIIs) in the Indian equity market. Ongoing geopolitical uncertainties and economic indications have fueled risk-off sentiment, bolstering demand for the US Dollar while putting pressure on the Rupee. The financial landscape shows that if the Dollar maintains its bullish trajectory, further appreciation in USD/INR beyond 90.70 could be anticipated.
AI Analyst
AI Opinion
"The recent movements in USD/INR are significantly influenced by persistent outflows from foreign institutional investors. In an unstable Indian equity market, risk-off behavior has become pronounced, leading to the Rupee's decline. Economic data and policy releases are making a substantial impact on market sentiment, with the strength of the US Dollar placing relative pressure on the Rupee. Investors are remaining cautious and sensitive to market fluctuations, which calls for close attention to upcoming movements. If the Dollar continues on a bullish trend, further appreciation in USD/INR is likely, but any rebound in the Rupee could create new trading opportunities."
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