Investing.com investing.com 24 Dec, 2020 10:30 am

Guided By The Risk-on Sentiment USD/INR Re-Established Its Downside Move

Guided By The Risk-on Sentiment USD/INR Re-Established Its Downside Move
Read Guided By The Risk-on Sentiment USD/INR Re-Established Its Downside Move by Param Sarma on Investing.com India

The significant rise in global stocks, after registering a huge fall on Monday, triggered a down move in the currency pair from a high of 73.05 level on Tuesday this week,  The inherent weakness in the currency pair emanates from the huge dollar inflows pouring into the domestic markets.Rupee exchange rate recovered back to its firm trend as the dollar slipped against most major currencies as risk appetite rose due to expectations of a Brexit trade deal.US Dollar slipped to currently trading at 90.

Following the gain in , Asian stocks are trading higher with registering an appreciation of 1.Following the overall positive sentiment, the and are now trading higher at 0.

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