India FX FORECAST INDIA

Home › Daily Brief › Thursday, October 8, 2026

Archive · Week of October 5–9, 2026

Morning Brief — Thursday, October 8, 2026

Published 1:30 IST

USD/INR
₹96.76
↑ Bullish
RSI 60.7 MACD up
EUR/USD
1.1206
↓ Bearish
RSI 5.9 MACD down
MCX Gold
₹128,549/ 10g
↓ Bearish
RSI 22.9 MACD down
The rupee opens near ₹96.76, with USD/INR RSI at 60.7 and a rising MACD keeping the bias bullish, while EUR/USD sits at 1.1206 with an extremely oversold RSI of 5.9 hinting at possible exhaustion in the dollar's recent strength. MCX Gold at ₹128,549/10g remains pressured with RSI at 22.9 and a bearish MACD, though such deeply oversold readings often precede a bounce. With no major scheduled events today, watch whether USD/INR holds above ₹96.50 — a break below could signal the rupee regaining some ground.
← Back to Today's Brief USD/INR Weekly Forecast →