The Indian Rupee is showing strength against the US Dollar, with the USD/INR pair declining over 0.30% and trading around 85.80 during early European hours. This decline follows the release of India’s Wholesale Price Index (WPI) inflation data, which eased to a four-month low of 2.05% year-on-year in March, driven by a slower rise in food prices.

Traders should monitor the implications of this WPI data on the rupee and dollar dynamics. The market’s reaction to inflation rates and economic indicators is essential for making informed trading decisions in the forex space. Investors must stay updated on forthcoming data to identify potential trading opportunities and manage risks effectively.