The US dollar has gained very slight ground against the Indian rupee in the forex market today following yesterday’s unchanged results.
The USD/INR currency pair opened the day near the 45.86 exchange rate and reached its highest exchange rate for the day at the 46.17 level, according to currency data from Oanda.
The pair’s price action encountered resistance for a third straight day right at or above the 200-day moving average near the 46.00 exchange rate.
The pair currently trades above the 45.88 exchange rate near the end of the US session.
USD/INR Forex Chart – The Dollar/Rupee currency pair tested and hit resistance at the 200-day simple moving average (red line) for third day in a row in today’s trading as the dollar has made only slight gains against the Rupee.
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