Indian Rupee Holds Steady, Strong Economic Indicators

The Indian Rupee and Pakistani Rupee ended flat against USD last week, with India's strong PMI data and growing FX reserves highlighting robust economic health.

Published on 30 Jul 2024

, 1 minute read

Indian Rupee

The Indian Rupee closed flat at 83.66 against USD last week. Data remains robust with manufacturing and services PMIs showing strong expansion. Bank loan and deposit growth also remains impressive with foreign exchange reserves also swelling to $670bn.

Pakistani Rupee

PKR ended the week trading flat against USD at 278. There were no data releases out of Pakistan in the past week.

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