Indian Rupee (INR) trades on a stronger note on Thursday amid the decline of the US Dollar (USD) after the Federal Reserve's (Fed) monetary policy meeting.
Indian Rupee recovers some lost ground on the softer US Dollar. The Fed remains on hold; dovish comments from Fed’s Powell during the press conference weighed on the Greenback. Market players await the Indian HSBC PMI and US S&P Global PMI data on Thursday. Indian Rupee trades on a stronger note on Thursday amid the decline of the US Dollar after the Federal Reserve's monetary policy meeting. The Fed held interest rates steady at its March meeting, as widely expected by the markets.
A breach of this level might drag USD/INR to a low of August 23 at 82.45. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.00% 0.01% -0.04% -0.36% -0.21% -0.11% -0.10% EUR -0.01% 0.00% -0.04% -0.37% -0.24% -0.10% -0.11% GBP -0.01% 0.00% -0.05% -0.36% -0.24% -0.09% -0.11% CAD 0.04% 0.05% 0.04% -0.32% -0.20% -0.05% -0.06% AUD 0.36% 0.
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