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Muted Start For Rupee

INR

USD/INR is little changed in early dealing on Monday, consolidating below 82 in a narrow range.

  • Bulls look to break the 20-Day EMA (82.20) to turn the tide. On the downside bears target the 200-Day EMA at 81.50.
  • Foreign investors' inflows into Indian equities continued with $115.51mn on Thursday bringing the total in June to date to $3.263bn.
  • A reminder that the data calendar is light with just Q1 BoP Current Account Balance on the wires which is due between today and month end.

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