FX FORECAST INDIA FX FORECAST INDIA USD/INR eases as DXY softens. Gold ticks higher ahead of RBI minutes. EUR/USD holds range.
The rupee opens near ₹95.44 with USD/INR RSI at a neutral 47.3 while MACD trends higher, keeping the pair's bias mildly bullish; EUR/USD sits at 1.1613 with a soft RSI of 35.7 hinting at oversold conditions despite its bullish tilt. With no major scheduled events today, watch ₹95.20 as near-term support and ₹95.70 as the upside level to clear, while MCX gold at ₹133,791/10g trades quietly with flat momentum.
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.