Weekly Currencies Fundamental Report

Weekly Currencies Fundamental Report – 23 June 2023

27 June 20231 min read by Angel One

USDINR: The initial trend of last week was strong for the Indian currency on account of probable corporate related inflows into the system as foreign investors get impressed by Modi’s visit to the US. Towards the end, the local unit weakened on back of higher DXY after the US Federal Reserve Chair Jerome Powell’s hawkish comments to U.S. lawmakers.

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Weekly Currencies Fundamental Report – 23 June 2023

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