Tag Archives: USDINR

USD/INR Price News: Rupee bears approach 80.00 ahead of India inflation, US Michigan CSI

USD/INR grinds higher after rising the most in six weeks the previous day. Hawkish Fedspeak, fears surrounding China challenge traders ahead of long weekend in India. Indian CPI is likely to have eased in July but the distance from RBI’s target will be the key to watch. USD/INR braces for Indian inflation around 79.65-70 during… Read More »

USD/INR Price Analysis: Indian rupee buyers stay hopeful below 79.60 hurdle

USD/INR pares the biggest daily loss in four months around weekly low. Key SMAs, two-week-old resistance line challenge buyers amid bearish MACD signals. Weekly horizontal support holds the gate for bear’s entry. USD/INR picks up bids to 79.22 as traders lick their wounds after the biggest daily fall since early April. Even so, the Indian… Read More »

USD/INR Price News: Rupee drops below 79.50 on aggressive Fed policy woes, US/India inflation eyed

USD/INR takes the bids to print four-day uptrend, renews daily high of late. Fed rate futures signal 73% chances of 0.75% rate hike in September after upbeat US jobs report for May. Recovery in oil prices test pair sellers cheering hawkish RBI moves. US CPI on Wednesday, India CPI on Friday will be crucial for… Read More »