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USD/INR bounces back

USD/INR fell to 61.65 on another surprise inter-meeting rate cut Agents buying send the pair back up to 61.875 high USD/INR may see squeeze above 62.0 Pair last at 61.85-61.87, NDFs 62.15-62.21

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  • USD/INR fell to 61.65 on another surprise inter-meeting rate cut

  • Agents buying send the pair back up to 61.875 high

  • USD/INR may see squeeze above 62.0

  • Pair last at 61.85-61.87, NDFs 62.15-62.21 

 

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