English
Français
Deutsch
Italiano
Português
Русский
Español
ไทย
Türkçe
简体中文
日本語
한국어
हिन्दी
- The Indian Rupee softens in Wednesday’s Asian session.
- Sustained portfolio outflows and geopolitical risks could weigh on the INR, but RBI interventions might cap its downside.
- Investors await the speeches from the Fed’s Cook and Bowman on Wednesday.
The Indian Rupee (INR) loses traction on Wednesday. The local currency remains under some selling pressure due to the renewed US Dollar (USD) demand from importers and rising geopolitical tensions after Russian officials said that Ukraine used US ATACMS missiles to strike Russian territory for the first time, while Russian President Vladimir Putin approved an updated nuclear doctrine.
Furthermore, sustained portfolio outflows contribute to the INR’s downside. However, any significant depreciation of the Indian Rupee might be limited as the Reserve Bank of India (RBI) is likely to sell the USD to support the INR.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
