USDINR Price News: Rupee bears approach 81.40 on softer India Inflation – by anilpanchal7 USDINR RiskAppetite Inflation CentralBanks Currencies
ee pair cheers downbeat prints of India’s retail inflation, as well as the US Dollar’s recovery amid mixed concerns.
The same joins broad concerns over the major central banks’ pivot to suggest a softer rate hike from the RBI, which in turn propels the Indian remains mildly bid near 107.00, extending the week-start rebound from a three-month low, as hawkish comments from the US Federal Reserve officials underpin the recovery moves of the US Treasury yields.
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