indian-rupee-bank-notes - INR

The US Dollar Indian Rupee (USD/INR) exchange rate is trading +0.17% at 73.55. The pair is on track for weekly gains.

The Rupee is under pressure as Indian – China border tensions remain in focus. Whilst the foreign ministers of both India and China agree that the situation is not beneficial to either side.

US Dollar is lower versus its major peers ahead of US inflation figures. Expectations are for +0.2% increase in core inflation on a monthly basis, +1.6% increase on an annual basis. Data comes after Senate failed to agree to additional stimulus.