Indian Rupee Gains May Not Last After Banking System Dollar Glut, USD/INR Eyes CPI
Indian Rupee Gains May Not Last After Banking System Dollar Glut, USD/INR Eyes CPI 2021-05-07 05:00:00 Daniel Dubrovsky, Strategist Indian Rupee, USD/INR, RBI, Coronavirus, Cairn Energy Plc, Technical Analysis - Talking Points The Indian Rupee has been strengthening lately despite local coronavirus surge Flood of dollars in India’s banking system amid tax dispute boosted INR yields Rupee remains at risk, with USD/INR appearing to trade within a falling wedge The Indian Rupee has been performing remarkably well in recent weeks considering India’s recent deadly wave of the coronavirus. Over...
Source: dailyfx.com