- The Indian rupe is negotiated, approaching 85.95 against the US dollar in the opening session, amid the decrease in tensions in the Middle East.
- Investors expect the Fed to maintain stable interest rates on Wednesday.
- The RBI opens the door to a greater expansion of monetary policy.
The Indian rupee (INR) goes back to about 86.15 against the US dollar (USD) during the European negotiation hours on Tuesday. The USD/INR torque attracts offers despite the fact that new signs of de -escalated in tensions between Israel and Iran have increased slightly appetite for risk of investors, a scenario that raises the most risky currency demand, such as Indian rupee.
After the G7 meeting, the US president Donald Trump has asked Vice President JD Vance and the Envoy of the Middle East who offer to meet the Iranians this week, The New York Times reported.
This development occurred after a Reuters report that showed that Tehran asked his middle eastern to urge President Trump to use his influence on Israeli Prime Minister Benjamin Netanyahu to press for a high immediate fire.
A truce between Israel and Iran will provide dual benefits of an optimistic mood on the market and lower oil prices for Indian rupee. The Indian currency was hit hard on Friday, since the price of oil shot after Israel launched a series of attacks on military bases and nuclear facilities in Iran, with the aim of stopping its construction of nuclear eyes. Since India is one of the largest importing nations in the world, the highest prices of oil weigh on Indian rupee.
Indian Rupia Price today
The lower table shows the percentage of change of the Indian rupee (INR) compared to the main coins today. The Indian rupee was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | INR | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | 0.05% | 0.01% | 0.05% | -0.15% | -0.16% | 0.06% | |
| EUR | -0.00% | 0.03% | 0.05% | 0.04% | -0.12% | -0.08% | 0.21% | |
| GBP | -0.05% | -0.03% | -0.04% | 0.00% | -0.15% | -0.15% | 0.01% | |
| JPY | -0.01% | -0.05% | 0.04% | 0.02% | -0.19% | -0.18% | 0.18% | |
| CAD | -0.05% | -0.04% | -0.01% | -0.02% | -0.27% | -0.13% | 0.15% | |
| Aud | 0.15% | 0.12% | 0.15% | 0.19% | 0.27% | 0.04% | 0.24% | |
| NZD | 0.16% | 0.08% | 0.15% | 0.18% | 0.13% | -0.04% | 0.00% | |
| INR | -0.06% | -0.21% | -0.01% | -0.18% | -0.15% | -0.24% | 0.00% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Indian rupee of the left column and move along the horizontal line to the US dollar, the percentage change shown in the table will represent the INR (base)/USD (quotation).
What moves the market today: Indian rupee goes back to the US dollar
- The Indian rupee gives an early profits against the US dollar while the first struggle to capitalize on the improvement of the feeling of the market. Meanwhile, the US dollar is stable as investors focus their attention on the Federal Reserve Monetary Policy (Fed) on Wednesday. During the Asian hours, the American dollar index (DXY), which follows the value of the green ticket compared to six main currencies, ranges around 98.15.
- According to the CME Fedwatch tool, the Fed is almost sure of maintaining stable interest rates in the range of 4.25%-4.50%.
- Investors will closely follow the comments of the president of the FED, Jerome Powell, at the press conference, after the decision on interest rates, to obtain clues about when the Central Bank will begin to reduce its key interest rates. The main prominent point of the Fed policy would be the Fed points chart, which shows where the officials who direct the interest rates in the short and long term are directed.
- In today’s session, investors will focus on US retail sales data for May, which will be published at 12:30 GMT. Retail sales data, a key measure of consumer spending, are expected to have decreased 0.7% after a growth of 0.1% observed in April.
- In the Asian region, the governor of the Indian Reserve Bank (RBI), Sanjay Malhotra, has expressed confidence that the decrease in inflationary pressures has opened space for a greater expansion of monetary policy. “As for any future relaxation, although it would not be correct on my part to anticipate MPC, if the inflation perspective turns out to be lower than our projections, it will open space for politics,” Malhotra said in an interview with Business Standard on Monday.
- Slightly moderate comments from Malhotra RBI occurred after consumer price index (ICC) and wholesale pricing index (WPI) for May grew at a moderate pace. CPI and WPI data increased by 2.82% and 0.39%, respectively. In the announcement of monetary policy earlier this month, the RBI projected the general inflation objective for the current fiscal year by 3.7%.
Technical Analysis: The USD/INR attracts offers below 86.00
The USD/INR pair bounces about 86.15 on Tuesday after a weak opening early. The torque aims to review the maximum of two months about 86.25 registered on Monday. The short -term trend of the PAR is still firm since it remains above the 20 -day exponential (EMA) mobile average, which quotes around 85.77.
The 14 -day relative force (RSI) index struggles to break over 60.00. A new bullish impulse would arise if the RBI exceeds that level.
Looking down, the 20 -day EMA is a key support level for the torque. On the positive side, the maximum of May 23, 86.44 will be a critical obstacle to the pair.
Economic indicator
Fed interest rates decision
The Federal Reserve (Fed) Delibera on monetary policy and makes a decision on interest rates in eight preprogrammed meetings per year. It has two mandates: maintain inflation in 2% and maintain full employment. Its main tool to achieve this is to establish interest rates, both to those that it lends to banks and to those that banks lend each other. If you decide to raise the fees, the US dollar (USD) tends to strengthen since it attracts more foreign capital tickets. If the rates lower, it tends to weaken the USD since capital is drained towards countries that offer greater returns. If the rates remain unchanged, the attention focuses on the tone of the Federal Open Market Committee (FOMC), and if it is a hard line (expectancy of higher interest rates in the future) or moderate (expectation of lower rates in the future).
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Next publication: MIÉ JUN 18, 2025 18:00
Frequency: Irregular
Dear: 4.5%
Previous: 4.5%
Fountain: Federal Reserve
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
