USD/INR refreshes two-month high on possibility of US striking Iran
The post USD/INR refreshes two-month high on possibility of US striking Iran appeared on BitcoinEthereumNews.com. The Indian Rupee rises to near 86.65 against the US Dollar on escalating Middle East tensions. Bloomberg reported the possibility of the US striking Iran in the coming days. The Fed sees fewer interest rate cuts in 2026 and 2027, retaining two rate cuts for the year. The Indian Rupee (INR) posts a fresh two-month high near 86.65 against the US Dollar (USD) on Thursday. The USD/INR pair trades firmly amid widening conflict between Iran and Israel, and the shallow interest rate cut path guided by the Federal Reserve (Fed) on Wednesday after leaving interest rates steady in the current range of 4.25%-4.50% for the fourth time in a row. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, refreshes weekly high near 99.10. The war between Tel Aviv and Tehran, which has entered its seventh day on Thursday, has escalated further amid the possibility that the United States (USD) could also strike Iran as early as this weekend, Bloomberg reported. Financial market participants warn that the direct involvement of the US in the Middle East conflict could mark a significant escalation, potentially leading to devastating outcomes worldwide. Earlier this week, the US also mobilized some defence equipment to the Middle East, aiming to protect its military bases located in the region. “We are postured defensively in the region to be strong, in pursuit of a peace deal,” Defense Secretary Pete Hegseth said in an interview with Fox News. Heightened geopolitical tensions increase demand for safe-haven assets, such as the US Dollar. Daily digest market movers: Indian Rupee declines on firm Oil prices The Indian Rupee seems vulnerable against its major peers on Thursday amid dismal market sentiment and firm Oil prices. Tensions between Israel and Iran have dampened demand for riskier assets and have pushed Oil…
The post USD/INR refreshes two-month high on possibility of US striking Iran appeared on BitcoinEthereumNews.com.
The Indian Rupee rises to near 86.65 against the US Dollar on escalating Middle East tensions. Bloomberg reported the possibility of the US striking Iran in the coming days. The Fed sees fewer interest rate cuts in 2026 and 2027, retaining two rate cuts for the year. The Indian Rupee (INR) posts a fresh two-month high near 86.65 against the US Dollar (USD) on Thursday. The USD/INR pair trades firmly amid widening conflict between Iran and Israel, and the shallow interest rate cut path guided by the Federal Reserve (Fed) on Wednesday after leaving interest rates steady in the current range of 4.25%-4.50% for the fourth time in a row. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, refreshes weekly high near 99.10. The war between Tel Aviv and Tehran, which has entered its seventh day on Thursday, has escalated further amid the possibility that the United States (USD) could also strike Iran as early as this weekend, Bloomberg reported. Financial market participants warn that the direct involvement of the US in the Middle East conflict could mark a significant escalation, potentially leading to devastating outcomes worldwide. Earlier this week, the US also mobilized some defence equipment to the Middle East, aiming to protect its military bases located in the region. “We are postured defensively in the region to be strong, in pursuit of a peace deal,” Defense Secretary Pete Hegseth said in an interview with Fox News. Heightened geopolitical tensions increase demand for safe-haven assets, such as the US Dollar. Daily digest market movers: Indian Rupee declines on firm Oil prices The Indian Rupee seems vulnerable against its major peers on Thursday amid dismal market sentiment and firm Oil prices. Tensions between Israel and Iran have dampened demand for riskier assets and have pushed Oil…
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