Free Trial

Rupee Weaker In Early Dealing, USD/INR Back Above 82

INR

USD/INR is ~0.2% firmer as the Rupee softens in early trade. The pair last prints at 82.05/82.10.

  • The broader USD/Asia move has weighed on the Rupee in early dealing the pair is above the 82 handle for the first time since Thursday.
  • Bulls look to break the 20-Day EMA (82.30) to turn the tide. On the downside bears target the 200-Day EMA at 81.48.
  • 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.

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.