The Indian Rupee (INR) edges higher against the US Dollar (USD) at the start of the week. The USD/INR pair drops to near 88.25 after posting a fresh all-time high slightly above 88.50 on Friday. The pair retraced quickly from its all-time high, following likely intervention of the Reserve Bank of India (RBI) to support the Indian Rupee, according to a report from Reuters.
USDINR
Today USDINR gains ahead of India GST council meeting, US data
The Indian Rupee (INR) declines against the US Dollar (USD) on Wednesday. The USDINR pair rises to near 88.30 ahead of the two-day Goods and Services Tax (GST) council meeting on Wednesday, aiming to revise tax slabs from four to two.
INR-USD Likely to Regain Ground to Test 75-75.30 Levels in Near-TermοΏΌ
INR-USD Forecast: The local equities are trading on a negative foot over the last few days, following a weakness over wall street and other Asian markets. The pressure mounts over stocks as FIIs are heavily withdrawing their investment flows.
USD/INR – We Expect Indian Rupee to Slip to a Record Low of 80 by Q3
USD/INR : We expect Indian Rupee (INR) to slip to a record low of 80 by Q3. βThe rising number of COVID-19 cases in India could lead to another extension in the lockdown beyond 3 May, which will pose downside risks to our GDP growth forecast of 1.6% for FY21.β
USDINR Future Long Term Outlook below 70, Downside Expected levels 68.40 – 67.10
USDINR future Long Term Outlook below 70, Downside Expected levels 68.40 – 67.10
USDINR Tips – Below 70 Target 69.10β68.80 – Neal Bhai Reports (NBR)
USDINR Tips – Below 70 Target 69.10β68.80 – Neal Bhai Reports (NBR)
Rupee Seen Opening At 73/$ – Gold Silver Reports
The RBI announced another open market operations (OMO) to buy back up to Rs 10,000 crore of bonds on Thursday after the liquidity deficit in the banking system rose to highest in two years.