Indian Rupee Crosses Rise in Early European Session

Indian Rupee Cross Rates Rise in Early European Trading

The Indian Rupee (INR) traded weaker against major currencies on Friday, as cross rates floated higher at the start of the European session, according to Tredu data.

The EUR/INR pair rose to 95.92, up from the previous close of 95.69, reflecting modest Euro strength amid global forex market movement. Similarly, the GBP/INR pair climbed to 114.00 from 113.68 in the prior session.

The broader foreign exchange market continues to respond to global macroeconomic developments, with the Euro and British Pound gaining ground amid speculation around central bank rate policies and improving sentiment in European markets. The Indian Rupee, meanwhile, showed mild underperformance in early Friday trade, though broader trends may shift as local economic indicators and global cues unfold throughout the day.

Traders will be watching for further signals from upcoming economic data releases and central bank commentary, which could influence short-term exchange rate dynamics involving the INR.