India FX FORECAST INDIA

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Archive · Week of September 28 – October 2, 2026

Morning Brief — Monday, September 28, 2026

Published 1:30 IST

USD/INR
₹95.80
↑ Bullish
RSI 64 MACD up
EUR/USD
1.1384
↓ Bearish
RSI 8.8 MACD down
MCX Gold
₹132,552/ 10g
↑ Bullish
RSI 33.6 MACD down
The rupee opens near ₹95.80 with a bullish bias as USD/INR's RSI at 64.0 and a rising MACD suggest momentum still favours the dollar, while EUR/USD sits deeply oversold at an RSI of 8.8 around 1.1384 after an overnight slide. MCX gold at ₹132,552/10g shows a conflicting setup — RSI 33.6 and a falling MACD point to near-term weakness even as the broader bias stays bullish. With no major scheduled events today, watch whether USD/INR holds above ₹95.50 and whether EUR/USD can defend 1.1350, as a break there could spill into broader dollar strength.
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