USD/INR Moves Lower Ahead of India GDP and US PCE Reports
The Indian Rupee (INR) has gained some ground against the US Dollar (USD) this Friday. Following three days of losses, the rupee is reacting to downbeat economic data from the US and speculation surrounding upcoming reports. The anticipation of India’s GDP figures alongside US PCE releases adds to the market excitement. Investors are keen to see how these reports will influence currency prices and trading strategies. Keeping abreast of these developments will be advantageous for navigating the complex currency landscape.