Indian Rupee Price News and Forecast: INR drops versus the US dollar after rising during four consecutive days
|USD/INR holds below 71.00, but still positive for the day
The USD/INR rebounded today after hitting five-week lows at 70.71. The recovery found resistance under 71.00 and as of writing trades around 70.85, far from the top, but still about to post the first daily gain in five days.
USD/INR Price Analysis: Key support may hold on India stagflation threat
USD/INR may bounce up from key support as markets may offer Indian Rupee on Stagflation fears.
The currency pair is trapped in a narrowing price range since September. Currently, the lower edge of the triangle is located at 70.55.
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