Indian Rupee Price News and Forecast: USD/INR edged higher for the third consecutive session on Monday
|USD/INR Price Analysis: Holds steady above 71.00 handle, lacks follow-through
The USD/INR cross edged higher for the third consecutive session on Monday and built on its recent bounce from one-month lows, or the very important 200-day SMA.
USD/INR hits fresh six-day highs above 71.00 amid firmer USD, oil
USD/INR extended last week’s recovery momentum into Monday, as the bulls reached a new six-day high at 71.295 before entering a phase of consolidation just above the 71 level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.