USD/INR Weakens under Pressure from Oil Prices and Tensions
The Indian Rupee (INR) has faced challenges against the US Dollar (USD) as it weakens amid rising crude oil prices and persistent geopolitical tensions in the Middle East. Today’s trading sees the USD/INR pair moving downward, reflecting the rupee’s loss of ground after a brief rebound on Monday. As traders prepare for the Federal Reserve’s key interest rate decision, investor sentiment remains cautious. It is essential to keep an eye on the fluctuating oil prices and how they might continue to impact the rupee’s strength in the coming days.