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fxJun 19, 2026, 4:32 AM

Indian Rupee Rises on FCNR-B Inflows, Dollar Selling by Exporters

The Indian Rupee extended gains for a second consecutive day against the US Dollar on Friday, supported by FCNR-B inflows and dollar selling by exporters.

USDINR

The Indian Rupee (INR) continued its upward momentum against the US Dollar (USD) on Friday, marking a second straight day of gains. The USD/INR pair maintained a downward bias as a shift in daily foreign flows provided fresh support to the rupee.

According to market sources, the rupee's strength is fueled by inflows from Foreign Currency Non-Resident (Bank) (FCNR-B) deposits and dollar selling by exporters. These factors offset any potential headwinds from global risk sentiment.

Source: FXStreet Forex News