USD/INR strengthens ahead of US PCE inflation data
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The Indian Rupee is experiencing weakness due to month-end US Dollar demand, potential automotive import tariffs, and rising crude oil prices. Investors are awaiting US PCE inflation data, which could provide insights into future Federal Reserve rate decisions.
March 28, 2025 | 4:00 am
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Technical analysis suggests USD/INR might experience downward pressure, with first support level at 85.56 and potential further decline to 84.84 and 84.22.
Multiple factors including month-end USD demand, potential US tariffs, and rising oil prices are creating downward pressure on the Indian Rupee. Technical indicators like the 14-day RSI and position below 100-day EMA suggest further potential decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100