The US dollar has gained ground against the Indian rupee in the forex market for a second straight day as the dollar rose broadly today in trading.
The USD/INR currency pair opened the day near the 45.72 exchange rate and rose to touch its highest exchange rate since September 24th at the 46.07 exchange rate, according to currency data from Oanda.
The pair currently trades near the high above the 46.00 exchange rate at the end of the US session.
The dollar has continued to cement its strong reversal off the decline to a 26-month low point against the rupee that was reached on November 5th at the 44.03 level.
USD/INR – Dollar/Rupee currency pair rising above the 200-day simple moving average (sma) in today’s trading for the first time since September.
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