💱US Dollar/Indian Rupee FX Spot Rate
USDINR
▲ PositiveMonetaryrelevance
Oil rebound and geopolitical risks could limit rupee gains, weakening INR relative to USD.
Impact on assets 1
Others
DBS Group Research economist Radhika Rao noted that India’s onshore markets are closely watching global geopolitical risks as oil prices rebound, which could limit the Indian rupee’s recent gains against the US dollar.
Oil rebound and geopolitical risks could limit rupee gains, weakening INR relative to USD.