May 9, 2025
USD/INR surges due to risk aversion triggered by escalating India-Pakistan tensions
The Indian Rupee (INR) loses ground against the US Dollar (USD), extending its losses for the fourth successive session on Friday. The USD/INR pair opened with a gap up following approximately 1% gain in the previous day. Traders will likely await India’s FX Reserves data due later in the day.
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