The Indian Rupee (INR) extends the week-long rally against the US Dollar (USD) on Friday. The USD/INR pair slides to a fresh over two-week low near 95.30 due to the overnight slump in the US Dollar amid growing doubts regarding whether the Federal Reserve (Fed) is seriously committed to bringing the United States (US) inflation down.
At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.27% higher to near 100.23; however, it fell almost 0.9% on Thursday to near 99.86.
Investors doubt Warsh will consider rate hikes to tame inflation
According to analysts at ING, “Looking at the…
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