Free Trial

Marginally Firmer Start For Rupee, Within Recent Ranges

INR

The Rupee has opened dealing a touch firmer on Tuesday, USD/INR remains well within recent ranges as moves have had little follow through.

  • USD/INR is ~0.1% below Monday's closing level and last prints at 83.2150/2250.
  • Technically the pair remains in an uptrend, bulls target the high from 20 October 2022 (83.2975). Bears immediate focus is the 20-Day EMA (83.1788), a break through here opens the 83 handle.
  • A reminder that the local data docket is empty until 31 October when September Fiscal Deficit and Sep Eight Infrastructure Industries cross.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.