• bitcoinBitcoin (BTC) $ 65,556.00
  • ethereumEthereum (ETH) $ 1,909.56
  • tetherTether (USDT) $ 0.999986
  • xrpXRP (XRP) $ 1.37
  • bnbBNB (BNB) $ 594.34
  • usd-coinUSDC (USDC) $ 0.999943
  • solanaSolana (SOL) $ 81.82
  • tronTRON (TRX) $ 0.285921
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

INR: Cautious relief after US tariff ruling – DBS

DBS Group Research economist Radhika Rao notes that India’s markets reacted with cautious optimism after a US court ruling against tariffs, with the Indian Rupee posting a modest relief rally from near the 91-per-Dollar level.

🔗 Source

💡 DMK Insight

India’s markets are showing cautious optimism after the US court ruling, and here’s why that matters: The Indian Rupee’s slight recovery from around the 91-per-Dollar mark signals a temporary relief for traders, especially as it reflects broader sentiment towards trade relations. This ruling could ease some inflationary pressures, which might influence the Reserve Bank of India’s monetary policy in the near term. Traders should keep an eye on how this impacts the USD/INR pair, particularly if it can hold below 90.50, which could indicate stronger bullish momentum. But don’t overlook the flip side—if the market’s optimism fades, we could see the Rupee slip back towards that 91 level. Watch for any economic data releases or comments from the RBI that could shift sentiment quickly. The next few days will be crucial for gauging whether this rally has legs or if it’s just a blip in a longer-term trend.

📮 Takeaway

Monitor the USD/INR pair closely; a hold below 90.50 could signal further strength for the Rupee, while a drop back to 91 would indicate renewed pressure.

Leave a Reply

Navigating Success Together

Place your Ad

Trending News

  • All Posts
  • Community
  • Crypto Markets
  • DeFi & Web3
  • DMK AI Summary
  • DMK Editorials
  • DMK Press Release
  • Forex News
  • NFT & Metaverse
  • Regulation & Security
  • Tech & Innovation
  • Top News

News Categories