Forex Market News

Indian Rupee Spot Appreciated By 0.02 Percent

Once again, the Indian Rupee spot appreciated by 0.02 percent in yesterday’s trading session owing to fall in US Dollar Index after the FBI head confirmed on investigating Russia’s involvement in US Presidential Elections of 2016.
On the domestic front, markets are still rejoicing the massive win by BJP in the recent state elections which have infused positive sentiments in the markets. This has resulted into huge inflows. Today, USDINR spot is likely to depreciate owing to possible RBI intervention via state-banks.
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