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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.

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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

Author

Yohay Elam

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

More from Yohay Elam
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