Home INR USD/INR: Rupee Hits Fresh 5 Month High On RBI Governor Comments

USD/INR: Rupee Hits Fresh 5 Month High On RBI Governor Comments

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27th August 2020

The Indian Rupee is strengthening versus the US Dollar. The US Dollar Indian Rupee (USD/INR) exchange rate trades -0.4% at 73.96.

The Rupee has rallied following comments from the RBI Governor Shaktikanta Das. Mr Das affirmed that the central bank has more fire power to cushion the coronavirus hit to the economy if needed.

Attention will now turn to Federal Reserve Chair Jerome Powell who is due to speak at the virtual Jackson Hole symposium event. Is he widely expected to hint towards significant changes to the way that the Federal Reserve handles inflation.

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Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.