inr-bank-notes - INR

The US Dollar Indian Rupee (USD/INR) exchange rate is climbing higher for a second day on Thursday. The pair trades +0.4% at 73.89.

The Rupee is under pressure as the Indian stock markets continue to lose ground. The Sensex and the Nifty 50 are trading around 3% lower as risk sentiment falters.

US Dollar is receiving a boost from safe haven flows. Concerns are rising over the health of the US economic recovery; particularly as additional fiscal stimulus looks unlikely until after the election.

US jobless claims are in focus. 843,000 new claims are expected down from 860,000 last week.