🇮🇳 The RBI just moved roughly $200M a day of oil-company dollar demand away from the spot market and the rupee bounced. Clever pressure relief, but India still has to pay the same oil bill. www.ebc.com/forex/rbi-do... #USDINR #RBI #IndianRupee #Oil

🇮🇳 RBI hikes to 5.50%, turns more hawkish, and USD/INR still hangs near 96.6. When the hike is already priced and oil plus foreign outflows are pushing the other way, the rupee needs more than 25bps.
www.ebc.com/forex/rbi-ra...
#USDINR #RBI #IndianRupee #Forex

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Monthly Key Reversal Down for September in #AUDUSD! Monthly Key Reversals Up for September in #USDINR, #USDNOK, #USDMXN, #JPYCNY & #CHFPLN!

🇮🇳 USD/INR keeps knocking on 95.80 and keeps getting turned away. After this many rejections, either resistance is doing its job or it’s getting weaker with every test. www.ebc.com/forex/usd-in...
#USDINR #Forex #IndianRupee