USD/INR Surges to 86.74, Daily Fix at Premium as Dollar Strengthens

The USD/INR pair is expected to remain well-bid on Tuesday, February 18, 2025, with the daily fix quoting at a premium. The exchange rate opened at 86.74, up from the previous close of 86.58. This surge comes amid a broader strengthening of the US dollar against major currencies. Analysts attribute the rise to anticipation of upcoming US inflation data and potential shifts in Federal Reserve policy. The pair has fluctuated between 86.52 and 87.55 over the past week, indicating ongoing volatility in the forex market. Traders are closely monitoring global economic indicators and geopolitical developments that could further impact the USD/INR trajectory.

 

Sources: Exchange Rates UK, Wise, NSE India