The US dollar has edged just slightly higher against the Indian rupee in the forex market today as the USD/INR currency pair has traded in a tight range.
The USD/INR currency pair opened the day at the 45.60 exchange rate, registering a high for today at the 45.73 exchange rate while touching a low of 45.47. The pair currently trades near the 45.62 exchange rate at the end of the US session, according to currency data from Oanda.
USD/INR Forex Chart – The Dollar/Rupee currency has not made much movement today after the pair tested and hit resistance at the 200-day simple moving average (red line) and was rejected lower in yesterday’s trading. The USD/INR is currently trading between the 21-day and 50-day moving averages.
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