US Dollar/Indian Rupee (USD/INR) Exchange Rate
USD/INR Pivot Points
USD/INR Latest Updates
The USD/INR is traversing important support levels and has proven that downward momentum has the capability of re-establishing its bearish trend.
The Indian rupee rallied against the US dollar during the trading session on Thursday.
As of this writing, the USD/INR is near important short-term support and traders need to remain alert.
The Indian rupee has been very choppy lately as the USD/INR continues to see a lot of grinding in a low liquidity environment.
The USD/INR is testing important resistance levels early today and is threatening to diminish the solid mid-term bearish trend which was accomplished by the Forex pair.
A bullish reversal crashed the party on Friday, and as trading begins for the USD/INR this week, another move upwards has been displayed early.
The US dollar has gone back and forth against the Indian rupee over the last week or so, as we hover around the ₹73.51 level.
The USD/INR has demonstrated an ability to continue its bearish trend this week and has been able to sustain its lower values.
The USD/INR continues to offer speculators a chance to challenge its range, and an opportunity to look for short-term reversals as support and resistance levels proves adequate.
The USD/INR remains within a rather steady price range, but late yesterday the Indian rupee displayed a sudden spike upwards which quickly reversed downwards.
With the COVID-19 pandemic resulting in governments around the world spiking debt to support their domestic economies and thus fueling an unsustainable debt bubble, central banks slashed interest rates but also spiked their gold purchases.
Despite the first-ever recession in India since record-keeping began, triggered by the global COVID-19 pandemic, foreign direct investment (FDI) increased by 15.0% between April and September to $39.9 billion.
New daily COVID-19 infections continue to rise across India, which is on course to become the second country behind the US to report more than 10,000,000 cases.
The USD/INR has seen another rather vicious move upwards early this morning as reversals come fast and hard.
With India on course to breach 10,000,000 COVID-19 cases before the end of 2020, and after it entered its first recession since record-keeping began, S&P Global Ratings confirmed its 9.0% GDP contraction forecast for the 2020-2021 fiscal year.
Trading in the USD/INR has been fast this morning and it may continue short term.
The US dollar did rally early during the trading session on Monday against the Indian rupee, but right around the ₹74 level we continue to see many issues.
While the COVID-19 pandemic continues to depress global economic activity, India entered a recession after printing a 7.5% drop in GDP in the third quarter of 2020.
Traders of the USD/INR had to endure a difficult month of November trading.
The US dollar initially tried to rally during the trading session on Wednesday, but found enough resistance at the 50-day EMA to pull back.