FX FORECAST INDIA FX FORECAST INDIA USD/INR eases as DXY softens. Gold ticks higher ahead of RBI minutes. EUR/USD holds range.
The rupee opens near ₹95.76 with USD/INR RSI at a neutral 50.7 and MACD turning up, keeping the pair's bias mildly bullish, while EUR/USD sits at 1.1162 with an extremely oversold RSI of 13.5 hinting at possible mean-reversion risk even as its MACD stays negative. MCX Gold at ₹129,200/10g remains soft with RSI 32.2 and a bearish MACD, and with no major scheduled events today, traders may watch ₹95.50 as near-term support and ₹96.00 as the upside level to monitor for the rupee.
Forecasts assessed against actual price action each Friday. Range hit = price traded within the weekly band at any point. Direction = closing bias matched our weekly call.
Assessed against actual price action each Friday. Figures unaudited.