- The Indian rupee bounces about 86.60 against the US dollar while the oil price increase pauses.
- The United States declared that he will decide if he will attack Iran directly in the next two weeks.
- This week, the Fed maintained stable interest rates and warned on inflationary risks.
The Indian rupee (INR) cuts a three -day run streak and opens about 86.60 against the US dollar (USD) on Friday. The USD/INR pair corrected after reaching a new maximum of two months around 86.93 on Thursday, while Indian rupee can be seen, while the price of oil struggles to extend its rise after a rally of almost three weeks.
The currencies associated with nations with a greater dependence on the import of oil, such as India, become vulnerable to rough movements up to the price of oil.
The price of oil struggles to upload more after comments from the White House indicated that USA (USD) will not be involved in the conflict of the Middle East immediately, keeping the hopes of negotiations alive. This has also decreased the demand for shelter assets, such as the US dollar.
The US dollar index (DXY), which tracks the value of the dollar against six main currencies, is corrected about 98.60 during Friday’s European negotiation hours from the weekly maximum of 99.15 recorded the previous day.
However, investors must be cautious by investing everything in Indian rupee, since their perspective remains uncertain, since the conflict between Israel and Iran remains. Such scenario will continue to support the price of oil and keep the possibility of more increases open.
Meanwhile, foreign institutional investors (FIIS) have remained as net sellers this month despite having invested 3,308.32 million rupees in the Indian shares market, according to bag data. Fiis’s exits scenario is unfavorable for emerging markets, such as India.
Indian Rupia Price today
The lower table shows the percentage of change of the Indian rupee (INR) compared to the main coins today. Indian Rupia was the strongest currency in front of the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | INR | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.25% | -0.17% | -0.03% | -0.12% | -0.27% | -0.14% | -0.07% | |
| EUR | 0.25% | 0.06% | 0.22% | 0.17% | 0.15% | 0.13% | 0.06% | |
| GBP | 0.17% | -0.06% | 0.26% | 0.09% | 0.10% | 0.07% | 0.13% | |
| JPY | 0.03% | -0.22% | -0.26% | -0.03% | -0.25% | -0.26% | -0.22% | |
| CAD | 0.12% | -0.17% | -0.09% | 0.03% | -0.12% | -0.26% | -0.06% | |
| Aud | 0.27% | -0.15% | -0.10% | 0.25% | 0.12% | 0.25% | 0.13% | |
| NZD | 0.14% | -0.13% | -0.07% | 0.26% | 0.26% | -0.25% | 0.10% | |
| INR | 0.07% | -0.06% | -0.13% | 0.22% | 0.06% | -0.13% | -0.10% |
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 bounces against the US dollar
- The Indian rupee opens in an upward note against the US dollar on Friday, since the latter faces sales pressure in the midst of erosion in its demand as a safe refuge.
- The White House indicated Thursday that Washington will not attack Iran immediately and will decide about it in the next two weeks. “Based on the fact that there is a substantial possibility that negotiations may or may not take place with Iran in the near future, I will make my decision on whether or not, within the next two weeks,” said press secretary Karoline Leavitt, according to Ani News.
- The feeling of the market was significantly deteriorated on Thursday morning after a Bloomberg report showed that the United States is considering attacking Iran as soon as this weekend.
- Meanwhile, Tehran has warned that the United States participation in the Israel Defense Forces (IDF) would cause “hell for the entire region,” said Iran Vice Chancellor Saeed Khatibzadeh, the BBC reported. Khatibzadeh added that the participation of the United States would turn the “conflict into a quagmire.”
- At the national level, investors look for clues about when the Federal Reserve (FED) will begin to reduce interest rates after keeping them in the current range of 4.25% -4.50% on Wednesday. According to the CME Fedwatch tool, the Fed will keep the stable interest rates at the July meeting and reduce them in September.
- After the decision on interest rates, the president of the FED, Jerome Powell, warned that the tariffs imposed by President Donald Trump have accelerated the inflation of goods, and this will increase again this summer. “We have had an inflation of goods that has risen a bit and we hope to see more of that in summer,” Powell said.
- Looking ahead, investors will focus on the preliminary data of the Indian HSBC PMBC Index (PMI) Indian and USBC S&P of the US for June, which will be published on Monday.
Technical analysis: Indian rupee cuts a three -day run streak
The Indian rupee rises about 86.60 against the US dollar on Friday. The USD/INR pair faces sales pressure after not being able to recover the key resistance of $ 87.00 on Thursday. However, the short -term trend of the torque remains bullish, since the 20 -day exponential mobile average (EMA) is inclined to rise around 86.03.
The 14 -day relative force (RSI) index exceeds 60.00, suggesting that a new bullish impulse has been activated.
Looking down, the 20 -day EMA is a key support level for the torque. On the positive side, the maximum of April 11, 87.14 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).
Read more.
Last publication:
MIÉ JUN 18, 2025 18:00
Frequency:
Irregular
Current:
4.5%
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.
