USD/INR extends upside ahead of US PMI data

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USD/INR extends upside ahead of US PMI data
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The Indian Rupee (INR) remains under pressure after falling to an all-time low at the open on Monday.

The India n Rupee loses momentum in Monday’s Asian session. The risk-off sentiment, significant foreign outflows and US Dollar demand exert selling pressure on INR. The US ISM Services PMI data for July will be in the spotlight on Monday. The India n Rupee remains under pressure after falling to an all-time low at the open on Monday. The sell-off of the INR is backed by the risk-off environment, foreign outflows from India and other emerging markets, and US Dollar demand from importers.

USD EUR GBP CAD AUD JPY NZD CHF USD -0.20% -0.09% -0.04% 0.13% -1.85% 0.09% -0.85% EUR 0.20% 0.12% 0.17% 0.35% -1.55% 0.29% -0.63% GBP 0.08% -0.12% 0.04% 0.21% -1.78% 0.17% -0.75% CAD 0.04% -0.16% -0.05% 0.19% -1.82% 0.12% -0.79% AUD -0.14% -0.36% -0.24% -0.19% -2.01% -0.06% -0.96% JPY 1.74% 1.69% 1.77% 1.81% 1.98% 1.96% 0.98% NZD -0.09% -0.30% -0.20% -0.14% 0.04% -1.95% -0.98% CHF 0.82% 0.63% 0.75% 0.80% 0.98% -1.01% 0.

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