USD/INR weakens as India sees strong growth in business

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USDINR News

India,SEO,Macroeconomics

Indian Rupee (INR) trades with a mild positive bias on Friday despite the rebound of the US Dollar (USD).

Indian Rupee gains ground despite the firmer USD on Friday. India’s flash PMI showed a robust expansion in May, boosting the INR. US Durable Goods Order, Michigan Consumer Sentiment Index report, and speech from Fed’s Waller are the highlights on Friday. Indian Rupee trades with a mild positive bias on Friday despite the rebound of the US Dollar . The strong growth of India's business sector in May and the sharp exports and job addition rate provide some support to the INR.

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 Pound Sterling. USD EUR GBP CAD AUD JPY NZD CHF USD 0.04% 0.03% 0.05% 0.10% 0.07% 0.05% 0.10% EUR -0.04% -0.01% -0.01% 0.08% 0.04% 0.03% 0.05% GBP -0.03% 0.01% 0.02% 0.09% 0.07% 0.05% 0.07% CAD -0.04% 0.04% 0.00% 0.10% 0.04% 0.04% 0.06% AUD -0.10% -0.07% -0.09% -0.06% -0.05% -0.05% 0.00% JPY -0.09% -0.05% -0.06% -0.06% 0.02% 0.01% 0.

 

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