USD/INR gathers strength on renewed US Dollar demand, Fed’s Powell speech looms

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USD/INR gathers strength on renewed US Dollar demand, Fed’s Powell speech looms
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The Indian Rupee (INR) weakens on Tuesday amid the renewed US Dollar (USD) demand and higher US bond yields.

The India n Rupee trades in negative territory in Tuesday’s Asian session. Higher US bond yields and further gains in crude oil prices weigh on the local currency. The Federal Reserve’s Chairman Jerome Powell's speech on Tuesday will be closely watched. The India n Rupee weakens on Tuesday amid the renewed US Dollar demand and higher US bond yields.

US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.03% 0.06% 0.08% 0.16% 0.06% 0.18% 0.04% EUR -0.03% 0.01% 0.04% 0.13% 0.01% 0.15% 0.01% GBP -0.05% -0.01% 0.02% 0.12% -0.01% 0.14% -0.01% CAD -0.06% -0.03% -0.01% 0.09% -0.02% 0.12% -0.02% AUD -0.17% -0.13% -0.11% -0.10% -0.12% 0.01% -0.14% JPY -0.05% -0.02% 0.01% 0.02% 0.11% 0.13% 0.00% NZD -0.18% -0.15% -0.13% -0.11% -0.01% -0.14% -0.14% CHF -0.05% -0.01% 0.00% 0.03% 0.13% 0.00% 0.

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