USD/INR recovers some lost ground, eyes on FOMC Minutes

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USD/INR recovers some lost ground, eyes on FOMC Minutes
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Indian Rupee (INR) edges lower on Wednesday as the cautious Fedspeak supports the US Dollar (USD).

India n Rupee loses momentum on Wednesday. Fed officials stick to a cautious approach, boosting the Greenback. The FOMC Minutes and Fed’s Goolsbee speech are in the spotlight on Wednesday. India n Rupee edges lower on Wednesday as the cautious Fedspeak supports the US Dollar . The Federal Reserve officials will wait for more encouraging signs of a loosening in the labour market and further progress in slowing inflation towards its 2% target.

US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD 0.01% 0.00% 0.01% 0.03% 0.03% -0.47% 0.02% EUR -0.01% -0.04% 0.00% 0.02% 0.02% -0.47% 0.02% GBP 0.01% 0.02% 0.01% 0.04% 0.03% -0.46% 0.03% CAD -0.01% 0.00% 0.00% 0.03% 0.02% -0.47% 0.02% AUD -0.01% -0.02% -0.03% -0.03% 0.00% -0.47% -0.01% JPY -0.04% -0.01% -0.01% -0.03% 0.02% -0.49% 0.

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