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    USD/INR remains flat, Indian WPI Inflation rises to 2.36% in October

    Author AvatarBy Ruby Chambers No Comments 13 Mins Read
    • The Indian Rupee remains steady near a record low in Thursday’s early European session. 
    • India’s Wholesale Price Index (WPI) Inflation rose to 2.36% YoY in October from 1.84% in September, hotter than the 2.20% expected. 
    • Equity outflows and persistent strength in the USD drag the INR lower. 
    • Investors await the US PPI on Thursday, along with Fedspeak.

    The Indian Rupee (INR) flat lines near its all-time low on Thursday. India’s Wholesale Price Index (WPI)-based inflation climbed to 2.36% YoY in October from 1.84% in the previous reading. This figure came in above the market consensus of 2.20%, according to the latest

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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