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 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 is expected to stretch its valuations after overstepping the weekly high at around 79.80. A one-time drop in US inflation won’t be sufficient to trim Fed’s hawkish stance. Oil prices have failed to recapture the $90.00 territory. The USD/INR pair is displaying wild moves in the opening session after a holiday of Muharram as… Read More »
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 »
