India FX FORECAST INDIA

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Archive · Week of July 27–31, 2026

Morning Brief — Wednesday, July 29, 2026

Published 1:30 IST

USD/INR
₹95.84
↑ Bullish
RSI 52.8 MACD up
EUR/USD
1.1388
→ Neutral
RSI 47.4 MACD flat
MCX Gold
₹123,949/ 10g
→ Neutral
RSI 46.4 MACD flat

The rupee opened steady at ₹95.84 against the dollar, with the MACD turning bullish and RSI at 52.8 supporting a positive bias, though no major domestic triggers are expected today. The euro held near 1.1388 with a neutral bias as the MACD flattened, while gold remained range-bound at ₹123,949/10g with RSI at 46.4, lacking directional momentum. Watch for the rupee to test the ₹95.50 support level if the bullish momentum persists, while a break below 1.1350 in EUR/USD could signal renewed dollar strength.

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