USD/INR Slips Ahead of Anticipated WPI Inflation Data Release
The Indian Rupee (INR) has shown some resilience on Tuesday, recovering a portion of its losses after hitting an all-time low in the previous session. Investors are particularly attentive as the Reserve Bank of India (RBI) may intervene to curb the INR’s depreciation. The spotlight is on the upcoming release of the Wholesale Price Index inflation data, which holds significant implications for currency movement. Traders should prepare for possible volatility in the USD/INR pair as this data approaches.
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