@dnaoilky.bsky.social🇮🇳 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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@technicalanalyst.bsky.social
@dnaoilky.bsky.social🇮🇳 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