USD/INR Price News: Scales firmly above 81.60 as USD Index recovers, US PCE eyed – by Sagar_Dua24 USDINR Fed Inflation RiskAversion DollarIndex
Anxiety ahead of the US PCE data has trimmed the risk appetite of the market participants.
The USD/INR pair has witnessed a respopsive buying interest after droping to near 81.40. The asset has been scaled above 81.60 and is expected to extend gains, following the footprints of the US Dollar Index . The risk appetite of the amrket participants has dropped significantly as investors are shifting their focus towards the announcmenet of the interest rate decision by the Federal Reserve .
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