Indian Rupee Price News and Forecast: INR rises on foreign banks’ dollar sale

FXStreet Team FXStreet

USD/INR Technical Analysis: Can the buyers revisit the 72.30 level ?

USD/INR daily chart

USD/INR is trading in a bull trend above the main daily simple moving averages (DMAs). The market created a bull flag in November and now the price is consolidating below the 72.00 handle.

USD/INR four-hour chart

A break above the 71.90 resistance can lead to an acceleration towards the 72.30 level in the medium term. However, a breach below 71.60 on a daily basis can see the currency pair retrace down to the 71.25 support level.

USD/INR hits three-day lows near 71.50, focus shifts to RBI

The Indian rupee extends gains for the second straight day on Tuesday, as USD/INR retreats further from five-day highs of 71.87 reached last Friday. At the time of writing, the spot has managed to bounce off the 71.50 support and trades near 71.65 region, +0.10% on the day.

USD/INR

Overview
Today last price	71.7185
Today Daily Change	0.0846
Today Daily Change %	0.12
Today daily open	71.6339

Trends
Daily SMA20	71.5895
Daily SMA50	71.2262
Daily SMA100	70.994
Daily SMA200	70.2363

Levels
Previous Daily High	71.945
Previous Daily Low	71.5885
Previous Weekly High	71.8815
Previous Weekly Low	71.2255
Previous Monthly High	72.37
Previous Monthly Low	70.4975
Daily Fibonacci 38.2%	71.7247
Daily Fibonacci 61.8%	71.8088
Daily Pivot Point S1	71.4999
Daily Pivot Point S2	71.366
Daily Pivot Point S3	71.1434
Daily Pivot Point R1	71.8564
Daily Pivot Point R2	72.079
Daily Pivot Point R3	72.2129

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.