USD/INR Hits Two-Month High Amid Rising Oil Prices and Foreign Outflows
The Indian Rupee (INR) reached a fresh two-month low, trading slightly above 86.20 against the US Dollar (USD) at the week’s start. The USD/INR pair experienced selling pressure as the US dollar appreciated amid increasing safe-haven demand linked to the conflict between Israel and Iran. Market participants should monitor these developments closely as they could trigger significant movements in the currency pair. The interplay between domestic economic conditions and global events will ultimately determine future trends in USD/INR.