Forex Market News

USDINR Spot Appreciated By 0.18 Percent

In the yesterday’s trading session, USDINR spot appreciated by 0.18 percent owing to weak US Dollar Index after one of the White House officials leaked news of withdrawal from the Paris climate agreement which the Trump administration has been hinting for quite some time now. Critics say that this move shall deliver a body blow to efforts aimed at containing global warming.
With respect to Russia Trump linkage, the House intelligence committee approved subpoenas for Trump’s former national security advisor and personal lawyer in connected with the Russian meddling probe. All the above factors worked in favor of the Indian Rupee along with the sustained selling of US Dollar by exporters and banks. Today, USDINR spot is likely to appreciate.
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