USD/INR Strengthens Ahead of PMI Data Releases
The Indian Rupee (INR) is showing signs of strength on Thursday. Factors such as a weaker US Dollar (USD) and favorable performance from Asian peers support the INR. Lower crude oil prices further bolster the Indian currency, creating a positive environment ahead of upcoming PMI releases from both India and the US. These reports are anticipated to have significant implications for currency trading strategies as investors navigate the evolving economic landscape.