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December 17, 2024

USD/INR Stabilizes as Markets Anticipate US Retail Sales Figures

The Indian Rupee (INR) maintains stability within a narrow trading range as traders await the release of the latest US retail sales data. Following a drop to a new closing low, the INR faces pressure from rising US Treasury bond yields. Additionally, weakness in the Chinese Yuan adds further strain. Investors should stay informed about upcoming data releases that may influence the INR’s direction in the near term.

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