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Forex

India's Forex Reserves Decline Stokes Bearish Pressure on EUR/INR

Guavy AI Editorial Team
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EUR
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India's foreign exchange reserves have taken a hit, declining by $4.924 billion to $780.782 billion for the week ending September 11.

The drop in reserves has raised liquidity concerns for Indian markets and may influence cross-currency flows in the EUR/INR pair.

Currently, the euro vs rupee (EUR/INR) is trading at ₹109.3016, marking a modest decline on the day.

Bearish momentum persists in the EUR/INR pair, with indicators pointing to ongoing pressure and limited volatility band.

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