The US Dollar Indian Rupee (USD/INR) exchange rate trades marginally higher at 73.72 and is on track for 0.25% gains across the week.
The Indian Rupee is under pressure as risk off trading dominates. Rising fears over surging covid cases globally is seeing investors sell out of riskier assets and currencies and move into the safe haven US Dollar.
Falling oil prices are offering some support to the Rupee. West Texas Intermediate trades -1% under $40.
The US Dollar is rallying on safe haven flows. Attention will turn to US durable goods sales which are expected be duplicate the fall in retail sales.
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