This currency trader reveals why INR at 88.35 signals your next move
Key Points
- The Indian Rupee is inching down to 88.35 against the dollar...
The Indian Rupee is doing its best impression of a slow-motion slide, drifting from 88.30 to 88.35 against the dollar while everyone waits for today's US jobs report like it's the season finale of their favorite show.
When Gold Gets Nervous, It Goes Shopping
Indian gold prices jumped to INR 10,086.42 per gram on September 5, up from INR 10,052.08 the day before. That's what happens when investors start whispering about Federal Reserve rate cuts – gold perks up like a dog hearing the treat bag rustle. The metal's rise reflects growing expectations that the Fed might ease up on interest ra...
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