USD/INR holds positive ground on a rise in month-end US Dollar demand
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The Indian Rupee (INR) is experiencing downward pressure due to month-end US Dollar demand from local oil companies and importers. Extended crude oil price gains and the US Dollar's recovery against major currencies are contributing to the INR's softening. Despite this, Indian stock market gains and foreign institutional investor buying provide some support.
March 26, 2025 | 3:30 am
News sentiment analysis
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NEGATIVE IMPACT
The currency pair remains bearish, trading below the 100-day EMA with potential for consolidation. Key support levels at 85.60, 84.84, and 84.22 are in focus.
Month-end dollar demand, oil price increases, and technical indicators suggest downward pressure on USD/INR pair. Oversold conditions might lead to temporary consolidation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100