Dollar increases for six weeks while the rupee’s short-term trend strengthens; traders focus on India’s manufacturing and GDP data.

In response to statements of intervention by the central bank and inflows of foreign capital, the rupee defied a four-week downturn by rising by more than half a percentage point. However, in light of rising food prices and unequal rainfall distribution that call for vigilant monitoring, the RBI’s minutes sounded hawkish. While local benchmark indices…

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Rupee drops below the crucial resistance level due to global unrest; 83.50 levels are expected for the USDINR pair.

Amidst a strong dollar, an increase in US Treasury yields, and risk aversion in the global markets, the rupee declined sharply in the previous week, breaking through the significant resistance level of 83.00. The US economy was shown to be resilient by a deluge of strong economic data, which gave the dollar and yields a…

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