The US dollar has continued its recent surge higher against the Indian rupee in the forex market today and has touched its highest exchange rate in approximately six weeks.
The USD/INR currency pair reached a high point exchange rate today at 45.85 rupees per dollar after opening the day near the 45.30 exchange rate. The pair currently trades around the 45.79 exchange rate near the end of the US session.
The dollar’s strength follows the recent decline to a 26-month low point against the rupee that was reached on November 5th at the 44.03 level. Since that recent low point, the dollar has reversed course and risen to its highest level since late September against the rupee.
USD/INR – Dollar/Rupee currency pair rises above 50-day simple moving average (sma) with the 200-day sma sitting close above near 46.00.
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