The Indian Rupee rises as softer-than-expected US Nonfarm Payrolls data weighs on the US Dollar.
The Indian Rupee (INR) advanced against the US Dollar (USD) on Friday, with the USD/INR pair trading near 95.26. The move follows weaker-than-expected US Nonfarm Payrolls (NFP) data for June, which pressured the greenback broadly.
Prior to the release, the USD had shown resilience, but the disappointing jobs report triggered a pullback. Analysts had anticipated stronger employment figures, making the data a key driver for currency markets.
The INR’s gains reflect a shift in sentiment as traders reassess US economic momentum and potential Federal Reserve policy adjustments.