The Indian Rupee (INR) is experiencing weakness as consumer inflation in India falls to a near six-year low in April. This shift has strengthened expectations that the Reserve Bank of India (RBI) will extend its rate-cutting cycle.

Market participants are adjusting to these inflation signals, contemplating potential moves in USD/INR. Understanding the RBI’s policy approach will be vital as traders strategize amidst changing economic conditions.

Investors should keep a close watch on these trends. Analyzing economic indicators will help in navigating the dynamic forex landscape.