Friday, October 16, 2026

Technicals

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USD/INR may bounce on short cover ahead of US payrolls data

Pair ended at 63.61 yesterday; rise in Sensex weigh Pair may trade 63.60-63.70 today; good support seen around 63.55 FY16 GDP forecast lower to 7.8% vs 8.0% last; FY17 down to 8.1% from 8.3% previous NDFs traded 63.90-63…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair ended at 63.61 yesterday; rise in Sensex weigh

  • Pair may trade 63.60-63.70 today; good support seen around 63.55

  • FY16 GDP forecast lower to 7.8% vs 8.0% last; FY17 down to 8.1% from 8.3% previous

  • NDFs traded 63.90-63.96 range overnight, closed 63.85-91 in NY 

 

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By FxWirePro Team