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 opened at ₹94.61 with a bullish bias, supported by a flat MACD and RSI at 40.4, as no major events are scheduled today. EUR/USD is trading higher at 1.1614 with a rising MACD and RSI at 46.0, reflecting a bullish overnight move. Watch for USD/INR to test ₹95.00 if momentum continues, while MCX Gold remains bearish at ₹132,341/10g with a declining MACD and RSI at 44.9.
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.