The post USD/INR jumps on month-end US Dollar demand appeared on BitcoinEthereumNews.com.

The Indian Rupee trades in negative territory in Thursday’s Asian session.  Month-end US Dollar demand drags the INR lower, but a surge in foreign fund inflows might cap its downside.  Investors brace for US weekly Initial Jobless Claims and final Q4 GDP report, which are due later on Thursday.  The Indian Rupee (INR) loses momentum on Thursday. Concerns over potential tariff retaliations and rising month-end US Dollar (USD) demand from importers undermine the Indian currency. Furthermore, a rise in crude oil prices contributes to the INR’s downside as India is the world’s third-largest oil consumer.    Nonetheless, the positive outlook in domestic equities and renewed foreign fund inflows might lift the local currency. Any significant depreciation of the INR might be capped by the foreign exchange intervention from the Reserve Bank of India (RBI). Looking ahead, the US weekly Initial Jobless Claims, the final Gross Domestic Product (GDP) for the fourth quarter (Q4), and Pending Home Sales will be published later on Thursday. Indian Rupee remains weak amid global cues Foreign investors have bought more than $2 billion worth of Indian shares in the last four days, while month-to-date inflows into bonds stood at over $3 billion. Late Wednesday, Trump signed an order to implement a 25% tariff on auto imports. Trump added that the tariffs would go into effect on April 2 and the US would start to collect them a day later.  Trump will allow up to a one-month reprieve for auto parts imports from his proposed 25% automobile tariffs, per Reuters. US Durable Goods Orders rose by 0.9% in February, compared to a 3.3% increase (revised from 3.1%) reported in January, according to the US Census Bureau on Wednesday. This figure came in better than the market expectation for a decrease of 1%. USD/INR’s bearish outlook remains in…

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Filed under: News - @ March 27, 2025 3:28 am