USD INR Opens Bearish As Indian Rupee Suffers Under Oil Supply Fears
The Indian Rupee opens lower against the US Dollar, trading around 86.85 as the week begins. Market sentiment is cautious due to escalating global oil supply risks stemming from the US’s involvement in the conflict with Iran. Investors brace for a negative opening, with the USD INR pair poised for potential volatility in response to these developments. The market’s focus remains on economic indicators that could further influence the currency landscape in the coming days.