USD/INR Monthly Forecast: May 2024 (Chart)
The trading range of the USD/INR tightened in the month of April and will likely remain narrow in the weeks ahead as the Indian government has cracked down.
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The trading range of the USD/INR tightened in the month of April and will likely remain narrow in the weeks ahead as the Indian government has cracked down.
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Currently, the dollar is at its highest level since 2000, having appreciated 22% against the yen, 13% against the Euro, and 6% against emerging market currencies since the start of this year.
Most Asian currencies have started flat to weaker against the U.S. dollar this morning and could weigh on the local unit.