USD/INR is aiming to recapture its all-time highs at 78.46 as odds of a bumper rate hike by the Fed escalate. The Fed is committed to bringing price stability to the US economy sooner. Oil prices have fallen like a house of cards on escalating recession fears. The USD/INR pair is attempting to create a … Read more
USD/INR refreshes all-time high before retreating to 78.20, prints four-day uptrend. Fears of aggressive Fed action join China-linked news to propel USD. India bond yields track US counterparts to jump to the highest levels since 2019. USD/INR jumps to the lifetime high of 78.40 during a four-day uptrend heading into Monday’s European session, consolidating daily … Read more
USD/INR held at the upper end of the 77-78 range in the past month. Economists at Commerzbank expect the Indian rupee to remain under pressure. Reserve Bank of India to hike further “RBI has a real battle on its hands and has hiked rates by 90bp to 4.90% in just the past one month. However, … Read more
USD/INR again retreats from a short-term key horizontal hurdle. 100-SMA, monthly ascending trend line to test pair sellers. RSI conditions, sustained trading beyond 200-SMA keeps buyers hopeful. USD/INR fades the previous day’s corrective pullback, easing from a three-week-old horizontal resistance to 77.71 during Thursday’s mid-Asian session. In doing so, the Indian rupee (INR) pair portrays … Read more
Analysts at MUFG Bank forecast the Indian rupee will weaken versus the US dollar over the next months. They see USD/INR at 78.500 by the end of the second quarter and at 79,500 by year-end. Key Quotes: “The Indian rupee plunged into a new record low of 77.928 against the US dollar in May on … Read more
USD/INR remains sidelined inside a 12-day-old symmetrical triangle. 100-SMA restricts immediate downside, 200-SMA acts as additional support. Descending RSI (14) keeps bears hopeful unless crossing 78.00. USD/INR pares intraday losses around 77.60, staying within a fortnight-long triangle, during early Wednesday morning in Europe. While a short-term trading range below 78.00 restricts USD/INR upside, the pair … Read more
The USD/INR is about to end the week modestly lower, pulling back from record levels. The chart shows the primary trend is bullish and strong. According to analysts at Wells Fargo, the rupee will continue to decline versus the US dollar, at a gradual pace. Key Quotes: “The Indian rupee recently hit an all-time record … Read more
USD/INR eyes the first weekly loss in four despite the latest inaction. Moody’s cut India’s calendar year 2022 GDP forecasts to 8.8%. US dollar’s slump to monthly low challenges ahead of buyers of the Fed’s preferred inflation gauge. USD/INR pares daily losses around 77.60, following an uptick towards the weekly top, as India’s GDP cut … Read more
USD/INR picks up bids to snap three-day downtrend, bounces off weekly low. FOMC Minutes, RBI’s assurance to limit “runaway” INR slump challenge pair buyers. Firmer oil prices, subdued sentiment and exodus of funds from Indian equities bar gate for bears. US GDP, Fed’s preferred inflation gauge will be important this week, risk catalysts should be … Read more