INR Gains on Soft US Inflation, PKR Holds Steady

Indian Rupee strengthens on soft US inflation, PKR stable against USD. Stay informed on global trends impacting FX markets.

Published on 3 July 2024

, 1 minute read

Here’s this week’s overview of the Indian Rupee and Pakistani Rupee:

Indian Rupee

The Indian Rupee closed at 83.4 against USD last week, representing a 0.1% appreciation on soft US inflation data. The only data release of note out of India showed an uptick in foreign exchange reserves, with the week ahead likely to be dictated again by news out of the US.

Pakistani Rupee

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

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