The Indian Rupee (INR) held its ground against the US Dollar (USD) during Friday’s Asian trading hours, as the USDINR pair traded close to a seven-week low of 86.20 established on Thursday. The stability comes despite the recent surge in oil prices, which typically affects currency stability in the region.

Market sentiment indicates that further declines in USDINR may be limited, as the USD continues to gain traction fueled by a growing appetite for safe-haven assets. Concerns regarding US tariff policies also contribute to rising risk aversion among traders. The USD’s strength underscores a challenging environment for the INR, as global economic uncertainties prompt a cautious outlook.

As traders keep an eye on oil market developments and potential shifts in US monetary policy, the INR’s outlook remains a focus for investors navigating these turbulent waters. Will USDINR rebound or break down even further? Only time will tell.