USD/INR holds ground as the pair receives support from expectations of foreign inflows

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USD/INR holds ground as the pair receives support from expectations of foreign inflows
SEOMacroeconomicsIndia
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The Indian Rupee (INR) held its ground on Wednesday after two days of gains.

The India n Rupee receives support due to expected inflows of foreign investments. India n bonds are scheduled to be included in the JP Morgan Emerging Market Bond Index on June 28. Higher crude prices limit the upside of the INR as India is the world's third-largest Oil consumer. The India n Rupee held its ground on Wednesday after two days of gains.

On the upside, the USD/INR pair may find resistance at the upper boundary of the broadening formation around the level of 83.70, followed by the psychological level of 84.00. USD/INR: Daily Chart US Dollar price today The table below shows the percentage change of the US Dollar against listed major currencies today. The US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD -0.04% -0.05% -0.05% -0.49% 0.07% 0.01% -0.06% EUR 0.03% -0.02% -0.02% -0.46% 0.11% 0.

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