USD/INR - The US Dollar (USD) against the Indian Rupee (INR) is emerging as a popular currency pair out of the exotic pairs group. While the USD/INR pair is monitored by the Reserve Bank of India, resulting in a managed floating rate, other currency pairs against the Indian Rupee (including the Euro) have a market-determined or floating exchange rate. As India's economy and business climate continue to develop and grow, trading the USD/INR pair has become an attractive investment opportunity for forex traders.
The US Dollar outlook versus the Philippine Peso, Indian Rupee looks to FOMC minutes and the Fed’s symposium. Emerging markets still face capital fleeing pressures amid trade wars.