USD/INR loses traction ahead of Indian and US PMI data fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
The currency had dropped to a record low of 83.5750 on Friday but has since recovered modestly helped by the central bank s intervention and as fears of escalation in the Middle East conflict ebbed.
The Indian rupee recouped opening losses to end higher on Friday, despite weakness across regional peers, helped by possible intervention from the Reserve Bank of India (RBI) and dollar sales from foreign banks.