Forex Market News

The Indian Rupee Spot Depreciated

The Indian Rupee spot depreciated by 0.50 percent tracking losses in Asian market equities amid global concerns. On the US front, the Justice Department has appointed former FBI Director Robert Mueller to investigate Russian interference in the president election.
This fuelled concerns in the global markets pushing the demand for the Indian Rupee lower. Investors resorted to profitbooking after their three-consecutive days of record-breaking spree. Today, USDINR spot is likely to appreciate tracking gains in the Asian market currencies.
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