- USD/INR receives upward support on market caution regarding the Fed’s interest rates trajectory.
- RBI is expected to keep its current interest rates unchanged at 6.50% in October’s meeting.
- Stronger jobs data bolster the US yields; contributing support for the Greenback.
USD/INR hovers around 83.20 during the Asian session on Wednesday. The pair is receiving upward support amid market caution regarding the US Federal Reserve’s (Fed) likelihood to keep interest rates higher for a prolonged period.
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