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Onshore Markets Closed Today, USD/INR Firms On Monday

INR

Markets in India are closed today for the observance of a national holiday.

  • On Monday USD/INR firmed ~0.1% to finish a touch above the 20-Day EMA (83.1871) as higher US Tsy Yields weighed on the Rupee.
  • Technically the pair remains in an uptrend, bulls target the high from 20 October 2022 (83.2975). Bears immediate focus is the 83 handle, a break of the handle opens low from 22 Sep (82.8325).
  • The data calendar in India is empty this week.

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