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 ₹95.92 with USD/INR momentum still constructive (RSI 55.6, MACD rising), while EUR/USD sits deeply oversold at 1.1480 (RSI 25.5) and MCX gold at ₹135,106/10g (RSI 30.5) shows both stretched lower despite a bullish underlying bias. With no major scheduled events today, price action will likely be driven by overnight dollar flows and positioning, so watch whether USD/INR holds above ₹95.50 to confirm the bullish bias or slips toward that support.
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.