Indian Rupee Price News and Forecast: USD/INR stalls two-day advance ahead of RBI’s second OMO in a week
|USD/INR stalls two-day advances ahead of RBI’s Second OMO in a week
USD/INR slips to 71.32 during the pre-European session on Monday. The pair portrays the broad US Dollar (USD) weakness and market’s profit-booking ahead of the Reserve Bank of India’s (RBI) scheduled open market operations.
The RBI is up for the second OMO in a week’s time. The Economic Times mentions that the RBI will carry out simultaneous purchase and sale of government securities through special open market operations (OMOs) for Rs 10,000 crore each on December 30 following a review of liquidity situation.
USD/INR
Overview
Today last price71.3513
Today Daily Change-0.0987
Today Daily Change %-0.14
Today daily open71.45
Trends
Daily SMA2071.139
Daily SMA5071.2433
Daily SMA10071.3014
Daily SMA20070.3555
Levels
Previous Daily High71.5725
Previous Daily Low71.195
Previous Weekly High71.5725
Previous Weekly Low71.04
Previous Monthly High72.37
Previous Monthly Low70.4975
Daily Fibonacci 38.2%71.4283
Daily Fibonacci 61.8%71.3392
Daily Pivot Point S171.2392
Daily Pivot Point S271.0283
Daily Pivot Point S370.8617
Daily Pivot Point R171.6167
Daily Pivot Point R271.7833
Daily Pivot Point R371.9942
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