- USD/INR has sensed resistance around 82.40 amid weakness in the USD Index.
- The Indian Rupee will also remain on tenterhooks as the RBI is expected to keep its repo rate steady.
- USD/INR has witnessed a steep fall after a breakdown of the inventory distribution.
The USD/INR pair has sensed selling pressure around 82.40 in the Asian session amid a sheer sell-off in the US Dollar Index (DXY). The USD Index fell like a house of cards as a few Federal Reserve (Fed) policymakers delivered dovish commentary for June’s monetary policy. Going forward, the release of the United States Nonfarm Payrolls (NFP) data will remain in the spotlight.
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