USD/INR Weakens as Indian WPI Inflation and US Retail Sales Loom
On Monday, the Indian Rupee (INR) strengthens against the US Dollar (USD). Concerns regarding the slowing growth of the US economy, influenced by trade policies from the Trump administration, weigh heavily on the Greenback, benefitting the INR. The market expects critical data regarding India’s wholesale price inflation and US retail sales. These upcoming reports could shape trader sentiments and affect the USD/INR exchange rate significantly, creating an opportunity for investors.