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USD/INR steadies as RBI intervention looms
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FXStreet Forex & Commodities News
USD/INR rebounded after modest losses in the previous session, driven by weak Asian risk sentiment and flow pressures.
Traders note the Reserve Bank of India (RBI) remains a key backstop against a move beyond the psychological 92.00 level.
Most economists polled by Reuters expect the Reserve Bank of India (RBI) to keep its key policy rate at 5.25% through 2026, as the central bank evaluates the economic impact of previous interest rate cuts.
The US Federal Reserve (Fed) decided to keep interest rates unchanged at its January meeting on Wednesday, pointing to still-elevated inflation and resilient economic growth.
US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today.