USD/INR loses traction, eyes on potential RBI intervention

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USD/INR loses traction, eyes on potential RBI intervention
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Indian Rupee (INR) recovers some lost ground on Thursday. The INR dropped to a record low on Wednesday, weighed by the worries that escalating tensions in the Middle East could disrupt supplies and boost oil prices.

India n Rupee trades on a stronger note on Thursday. Rising oil prices and higher expectations that the Fed will delay rate cuts weigh on the INR. Investors await the Initial Jobless Claims, Philly Fed Manufacturing Index, Existing Home Sales, and Fed speakers on Thursday. India n Rupee recovers some lost ground on Thursday. The INR dropped to a record low on Wednesday, weighed by the worries that escalating tensions in the Middle East could disrupt supplies and boost oil prices.

A breach of the mentioned level will pave the way to a low of March 14 at 82.80. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD -0.09% -0.12% -0.12% -0.26% -0.10% -0.25% -0.08% EUR 0.08% -0.04% -0.03% -0.17% -0.02% -0.17% -0.03% GBP 0.12% 0.02% 0.00% -0.10% 0.02% -0.14% 0.02% CAD 0.12% 0.03% 0.00% -0.14% 0.01% -0.14% 0.02% AUD 0.

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