USD/INR: Continued consolidation within the 80-83.50 range near term – Commerzbank USDINR India InterestRate Banks
“The S&P Global services PMI for February rose strongly to 59.4 from 57.2 in January. It continues to point to resilient and robust domestic demand in India.”. However, RBI may still need to hike further to keep a lid on inflation expectations. We still look for another 25-50 bps in rate hikes this year. This should provide some support for INR.”
“USD/INR has held within the 80-83.50 range for the past five months or so and we look for continued consolidation within this range near term.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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USD/INR Price Analysis: Indian Rupee retreats from one-month low, 82.15-20 is the key supportUSD/INR Price Analysis: Indian Rupee retreats from one-month low, 82.15-20 is the key support USDINR Technical Analysis SwingTrading ChartPatterns SupportResistance
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