Free Trial

Muted Start, RBI On Tap

INR

The rupee is little changed in early dealing in a muted start to Thursday dealing. USD/INR last prints at 82.8075/82.8175

  • USD/INR was flat yesterday observing narrow ranges for the majority of the session. The pair has consolidated recent gains above 82.80 this week.
  • Technically USD/INR remains in a strong uptrend, bulls look to breach yesterdays high (82.8475) to target the 83 handle. Bears focus on the 20-Day EMA (82.45) to turn the tide.
  • On the wires in just under 1 hour we have the latest monetary policy decision from the RBI, no change to policy is expected. The MNI preview is here.

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.