India FX FORECAST INDIA

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Archive · Week of September 14–18, 2026

Morning Brief — Wednesday, September 16, 2026

Published 1:30 IST

USD/INR
₹95.85
↓ Bearish
RSI 70.1 MACD flat
EUR/USD
1.1546
↑ Bullish
RSI 29.6 MACD flat
MCX Gold
₹133,477/ 10g
↑ Bullish
RSI 24.7 MACD flat
The rupee is holding near ₹95.85 with RSI at 70.1 signalling overbought conditions, while EUR/USD sits deeply oversold at 1.1546 (RSI 29.6) and MCX gold at ₹133,477/10g (RSI 24.7) — both showing stretched downside momentum that could invite mean-reversion bounces. With no major scheduled events today, flows will likely be driven by global risk sentiment and dollar index moves, so watch whether USD/INR can hold below ₹96.00 or if the overbought reading triggers a pullback toward ₹95.50.
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