USD/INR trades above 83.20 during the Asian session on Monday. The Indian Rupee (INR) may encounter challenges due to the rise in crude oil prices ami
USD/INR could face challenges due to the rising Crude oil prices. RBI is expected to intervene to prevent further depreciation of the Indian Rupee. US Dollar experienced upward support on risk aversion over the Middle-East conflict. d the conflict between Palestine and Israel. However, traders anticipate intervention by the Reserve Bank of India to prevent further depreciation of the domestic currency.
According to an undisclosed source cited by Reuters, discussions have taken place between US officials and Israel regarding the potential visit of President Joe Biden to Israel. The reported invitation for this visit comes from Israeli Prime Minister Benjamin Netanyahu. Investors appear to be considering the possibility of another rate hike by the Federal Reserve .
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