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December 13, 2024

USD/INR Hits Fresh Highs as US Dollar Strengthens

USD/INR Extends Gains as Indian Rupee Weakens

The Indian Rupee (INR) faces additional losses, hovering near fresh record lows on Friday. This situation is largely due to the strength of the US Dollar (USD), propelled by various market factors.

The USD/INR pair reflects these dynamics, and the stronger dollar continues to dominate as Trump administration’s tariff threats loom over the market.

As the situation evolves, traders should be attentive to shifts in currency values influenced by overarching economic and political events.

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