USD/INR Weakens Amid Speculation of Fed Rate Cut and US CPI Data Focus
Thursday, 11 July 2024, 06:04
USD/INR Weakens Amid Rate Cut Speculation
Key Points:
- Market Speculation: USD/INR pair loses momentum on bets of a Fed rate cut
- Indian Rupee Strengthens: Impact of the softer US Dollar on the Indian Rupee
- Focus on US CPI: Market attention shifts to upcoming US CPI data
The post discusses the weakening of the USD/INR pair due to market speculation surrounding a potential Fed rate cut. It emphasizes the strengthening of the Indian Rupee against the softer US Dollar, with a significant focus on the forthcoming US CPI data.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.