India FX FORECAST INDIA

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Archive · Week of October 5–9, 2026

Morning Brief — Monday, October 5, 2026

Published 1:30 IST

USD/INR
₹96.30
↑ Bullish
RSI 58.4 MACD up
EUR/USD
1.1263
↓ Bearish
RSI 7.6 MACD down
MCX Gold
₹129,049/ 10g
↓ Bearish
RSI 32.7 MACD down
The rupee opens near ₹96.30 with USD/INR RSI at 58.4 and a rising MACD, keeping the pair's bias bullish after a firm overnight dollar, while EUR/USD sits at 1.1263 with an extremely oversold RSI of 7.6 and a bearish MACD, signalling heavy euro pressure. MCX Gold at ₹129,049/10g remains soft with RSI 32.7 and MACD down, tracking the stronger dollar and weak euro. With no major scheduled events today, watch ₹96.50 as the key upside level for USD/INR, while EUR/USD's deeply oversold reading leaves room for a technical bounce.
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