It is likely that the India has posted strong double-digit economic growth in the last quarter, but economists polled by Reuters expect the rate to more than halve this quarter and slow further towards the end of the year as interest rates rise, according to the latest survey published on Monday. Key results yesGrowth this […]
Tag: USDINR
USD / INR to stabilize in the 75-77 range next year – SocGen
The stronger dollar and growing concerns regarding the Omicron variant have pushed the USD / INR back above 75, say Société Générale economists. They expect the cross to trade within a 75-77 range in 2022. Key statements: “In the medium term, we hope that the weakness of the trend against the dollar persists, as market […]
USD / INR rises to 74.50 as the US dollar strengthens
The Indian rupee falls against the dollar amid global concerns. Commodities are holding on to major daily losses hitting emerging market currencies. The USD/INR it rallied around the 74.15 area and rose to 74.54, reaching the highest intraday level since July 21. So far, the pair failed to stay above 74.50 and fell back to […]
Indian rupee looks to test 74.05 level
-637637725672092323.png "Indian rupee looks to test 74.05 level")
USD / INR extends the slide and again tests the levels below 74.10. Technical indicators favor a bearish bias, but the price is close to strong support. The Indian rupee it is rising for the fourth day in a row against the US dollar on Thursday as it continues to decline towards 74,050. The pair […]
The Indian rupee is vulnerable while above 74.40
USD / INR is about to end the week with modest gains. The chart is skewed to the upside and the dollar momentum is fading. A break below 74.40 could strengthen the Indian rupee. The USD/INR it is climbing on Friday as it continues to rally after approaching critical support around 74.40 / 50. The […]
Bulls Intervene in Critical Daily Support
-637617139270442915.png "Bulls Intervene in Critical Daily Support")
The USD / INR bulls point to a deeper test of the weekly bid zone. Hourly resistance is the first hurdle when bulls intervene in daily support. The USD/INR, in a top-down analysis, offers a case for both bulls and bears, but the conclusion is biased to the upside in the meantime, if not in […]
Truss Says It Will Begin Talks On A Full Free Trade Agreement With India In Autumn
Speaking at a virtual summit between UK and Indian trade partners on Tuesday, British Trade Minister Liz Truss said that “We will begin talks on a full free trade agreement with India in the fall“. Additional comments: “It will work with the World Trade Organization (WTO) to see if it can increase the supply of […]
USD / INR will advance towards $ 75.00 by the end of 2021 – CE
Analysts at Capital Economics expect the Indian rupee to devalue against the US dollar in the coming months, as rising US Treasury yields will continue to rise. Key statements: “With US Treasury yields now looking set to rise even higher in the next few years, we expect the US dollar to appreciate further.” “Now we […]
Bounces towards critical resistance at 72.90
The Indian rupee fell against the US dollar on Friday, still higher for the week. USD / INR is pointing to some consolidation above 72.60, key resistance at 72.90. The USD/INR it is rising on Friday after falling for three consecutive days. It peaked at 72.86 before falling back to 72.72. Higher U.S. yields boosted […]
USD / INR tests levels below 73.00 as Indian rupee extends gains
Emerging market currencies gain against the US dollar on Tuesday. USD / INR has the worst day since December. The USD/INR It is falling on Tuesday amid a widespread correction in the US dollar and rising stock prices on Wall Street. Risk appetite and the falling dollar pushed the pair below 73.00. At time of […]