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Rupee Marginally Firmer, Lagging Broader USD/Asia Moves

INR

The rupee is marginally firmer in early trade, USD/INR is down ~0.1%, however the Rupee is lagging in the USD/Asia space as broader USD weakness dominates on Thursday. The Bloomberg Asia Dollar Index is up ~0.3%.

  • USD/INR prints at 81.9075/9275, the pair couldn't sustain its break of the 82 handle in yesterday's dealing and has ticked away from the handle this morning.
  • Bears now target the 200-Day EMA (81.61), bulls first look to recover the 82 handle.
  • Strong equity inflows have continued with $348.96mn on Tuesday, inflows for July now total $3.891bn.
  • A reminder that the data calendar is empty for the remainder of the week.

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