USD/INR pares earlier gains after softer US PPI data for May

  • The Indian Rupee (INR) recovers some of the initial losses against the US Dollar (USD) ahead of the American session on Thursday as markets digest the latest release of the US Producer Price Index (PPI) report for May. Still, the USD/INR pair edges higher on the day, trading above 85.50 at the time of writing after four consecutive days of losses,