FX FORECAST INDIA FX FORECAST INDIA USD/INR eases as DXY softens. Gold ticks higher ahead of RBI minutes. EUR/USD holds range.
USD/INR is holding near ₹94.89 with a bearish bias as RSI at 37.8 and a falling MACD suggest the rupee retains upward momentum, while EUR/USD sits at 1.1191 with flat momentum and MCX gold at ₹120,655/10g stays soft on a bearish RSI of 32.3. With no major scheduled events today, flows and global risk sentiment will likely drive price action. Watch ₹95.00 as the key resistance for USD/INR and ₹120,000/10g as support for gold.
Forecasts assessed against actual price action each Friday. Range hit = price traded within the weekly band at any point. Direction = closing bias matched our weekly call.
Assessed against actual price action each Friday. Figures unaudited.