USD/INR jumps on broad-based US Dollar demand ahead of New Year holiday
The Indian Rupee trades in negative territory in Tuesday’s early European session. The weakening of Chinese Yuan, spike in USD bids, and slower pace of Fed rate cuts drag the INR lower. India’s November Federal Fiscal Deficit and Q3 Trade Deficit will be the highlights on Tuesday ahead of New Year holiday. The Indian Rupee (INR) extends its downside…