USD/INR Forecast: Support Area at 85.25 Comes into Play
The Indian Rupee continues its positive trajectory, trading higher for the fifth consecutive day. The US dollar’s recent strength from the US-China trade agreement is proving to be temporary. The USD/INR pair is nearing a key support area at 85.25-85.35. Market participants are closely watching these levels as the US CPI release approaches. The outcome could determine the near-term fate of the pair, making it crucial for traders to consider their positions strategically as the data comes in.