Indian Rupee Holds 94-96 Range Against USD – Commerzbank
Commerzbank reports USD/INR eased 0.2% on Friday to 95.20, but gained 0.9% over the week, staying within a 94–96 range.
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Commerzbank notes that the Indian rupee traded within a narrow band against the US dollar last week. USD/INR eased 0.2% on Friday to 95.20, yet the pair still posted a 0.9% weekly gain. The currency pair remains confined to the 94–96 range, with no clear breakout signal.
Source: FXStreet Forex News