Indian Rupee Price News and Forecast: USD/INR extends slide to new three-week lows

FXStreet Team FXStreet

USD/INR extends slide to new three-week lows despite US data

The USD/INR dropped further to 71.22 hitting the lowest intraday level since November 11. The pair remains near the lows, on its way to the third daily decline in a row.

The Indian Rupee continues to move on a strong note against the US dollar and also across the board. Over the last five trading days is among the top performers. USD/INR kept a bearish bias even after better-than-expected economic data from the United States.

USD/INR drops to three-week lows near 71.30

The cross fails to benefit from broad-based US dollar strength led by rising expectations of a likely US-China trade deal, especially after US President Trump’s pro-trade deal comments. The US dollar index flirts with two-week highs of 98.40, up +0.13% so far.

USD/INR

Overview
Today last price	71.2472
Today Daily Change	-0.2003
Today Daily Change %	-0.28
Today daily open	71.4475

Trends
Daily SMA20	71.447
Daily SMA50	71.1946
Daily SMA100	70.8713
Daily SMA200	70.226

Levels
Previous Daily High	71.835
Previous Daily Low	71.447
Previous Weekly High	72.18
Previous Weekly Low	71.5715
Previous Monthly High	71.79
Previous Monthly Low	70.6425
Daily Fibonacci 38.2%	71.5952
Daily Fibonacci 61.8%	71.6868
Daily Pivot Point S1	71.318
Daily Pivot Point S2	71.1885
Daily Pivot Point S3	70.93
Daily Pivot Point R1	71.706
Daily Pivot Point R2	71.9645
Daily Pivot Point R3	72.094

Author

FXStreet Team

FXStreet

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