India FX FORECAST INDIA

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Archive · Week of July 6–10, 2026

Morning Brief — Wednesday, July 8, 2026

Published 1:30 IST

USD/INR
₹94.96
↑ Bullish
RSI 50.9 MACD flat
EUR/USD
1.1408
→ Neutral
RSI 28.3 MACD flat
MCX Gold
₹125,586/ 10g
→ Neutral
RSI 35.1 MACD flat

The dollar-rupee pair holds a bullish bias near ₹94.96 after a quiet overnight session, with the RSI at 50.9 and a flat MACD suggesting consolidation before the next move. The euro remains neutral at 1.1408, with an oversold RSI of 28.3 hinting at a potential bounce, while MCX Gold is steady at ₹125,586 with a neutral RSI of 35.1. With no major events today, watch for a break above ₹95.00 in USD/INR to confirm the bullish momentum.

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