Friday, October 16, 2026

Technicals

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USD/INR seen higher on profit taking

USD/INR ended lower overnight after good struggle Stops sales from models, leveraged weigh but hedge funds pushed buyers Pair may trade 61.70-62.00 intraday, cautious of fresh agents buying Short covering interest after …

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/INR ended lower overnight after good struggle

  • Stops sales from models, leveraged weigh but hedge funds pushed buyers

  • Pair may trade 61.70-62.00 intraday, cautious of fresh agents buying

  • Short covering interest after hawkish Fed, India budget tomorrow supports further

  • NDFs traded 62.08-62.30 range overnight, closed 62.12-15 in NY 

 

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By FxWirePro Team