- USD/INR extends Friday’s pullback from two-week high, pressured near intraday low of late.
- An aggregate 32% rise in net profit of 456 Indian companies underpins optimism about Rupee.
- US Dollar’s positioning for NFP, month-end consolidation and mixed sentiment in Asia allow sellers to remain hopeful.
- US ISM PMI, risk catalyst can entertain traders ahead of monthly employment data for July.
USD/INR stays on the back foot around 82.20 as it prods short-term key support confluence amid early Monday in Asia. In doing so, the Indian Rupee (INR) pair drops for the second consecutive day amid mixed sentiment in the market ahead of the all-important US Nonfarm Payrolls (NFP), up for publishing on Friday.
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