USD/INR trades lower as Oil rally hits pause

  • The Indian Rupee (INR) snaps a three-day losing streak and opens on a positive note to near 86.60 against the US Dollar (USD) on Friday. The USD/INR pair corrects after posting a fresh two-month high around 86.93 on Thursday as the Indian Rupee gains, while the Oil price struggles to extend its upside after rallying for almost three weeks.