The Indian Rupee weakens in Wednesday’s Asian session.
Trump's tariff threats undermine the INR, but significant inflows and RBI intervention might cap its downside.
The US Core PCE inflation data will be closely watched.
The Indian Rupee (INR) extends its decline on Wednesday. The expectation that Donald Trump might impose high tariffs on imports into the US provides some support to the US Dollar (USD) and weighs on the local currency. Additionally, the cautious stance from the Federal Reserve (Fed) could underpin the USD in the near term.
Nonetheless, the foreign inflows related to the rejig of MSCI's global equity indexes might help limit the INR’s losses. The downside of the Indian Rupee might be capped as the Reserve Bank of India (RBI) might intervene in the foreign exchange market to prevent the INR from depreciating. The US Core Personal Consumption Expenditures (Core PCE) - Price Index for October will be the highlight on Wednesday. Also, the weekly Initial Jobless Claims, Pending Home Sales, the Chicago PMI and Durable Goods Orders will be published.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
加载失败()