- USD/INR holds below the 83.20 mark after the Reserve Bank of India (RBI) rate decision.
- RBI maintained a status quo on rates for the fourth consecutive time at 6.5%.
- US Initial Jobless Claims improved to 207,000 from 205,000 in the previous week.
- The US Nonfarm Payrolls will be a closely watched event for traders on Friday.
USD/INR loses momentum around 83.16 during the Asian trading hours on Friday. Markets turn cautious following the Reserve Bank of India (RBI) monetary policy meeting. Traders await the highly-anticipated US Nonfarm Payrolls data on Friday for the fresh impetus. The figures are expected to rise by 170K and this event could trigger the volatility in the market.
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