FX FORECAST INDIA FX FORECAST INDIA USD/INR eases as DXY softens. Gold ticks higher ahead of RBI minutes. EUR/USD holds range.
USD/INR holds a neutral bias near ₹95.68 with a flat MACD, as overnight dollar moves were muted ahead of a quiet session with no major scheduled events. EUR/USD extends its bullish run to 1.1682, supported by an overbought RSI near 78, while MCX Gold’s strong uptrend to ₹143,839/10g signals persistent safe-haven demand. Watch for a potential pullback in gold if RSI stays above 87, and for USD/INR, a break above ₹95.80 could shift momentum bullish, while support sits near ₹95.50.
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.