USD/INR Price News: 50-DMA tests India rupee sellers below 75.00

USD/INR bounces off four-month-old support line, monthly low to snap two-day downtrend.
Bearish MACD, 50-DMA challenge recovery moves, 100-DMA adds to the downside filters.

Anil Panchal FXStreet

USD/INR pare recent losses around 74.77, up 0.07% intraday during the late Asian session on Wednesday.

The Indian rupee (INR) pair dropped to the lowest levels since November 26 the previous day before bouncing off 74.58. The corrective pullback took place near an ascending trend line from early September, as well as the 100-DMA.

However, the 50-DMA level of 74.96 guards the quote’s immediate upside amid bearish MACD signals.

Even if the USD/INR buyers cross the 74.96 hurdle, the 75.00 threshold and a two-week-old descending trend line close to 75.25, will test the further upside before convincing the bulls.

Alternatively, the 100-DMA adds strength to the 74.58-53 support zone, a break of which will quickly recall the 74.00 round figure to the chart.

However, the USD/INR pair’s further weakness will make it vulnerable to test November’s low of 73.85.

USD/INR: Daily chart

Trend: Bearish bias remains intact

Additional important levels

Overview
Today last price	74.7515
Today Daily Change	0.0315
Today Daily Change %	0.04%
Today daily open	74.72

Trends
Daily SMA20	75.5028
Daily SMA50	74.9608
Daily SMA100	74.5282
Daily SMA200	74.2292

Levels
Previous Daily High	74.9818
Previous Daily Low	74.58
Previous Weekly High	76.1832
Previous Weekly Low	74.9755
Previous Monthly High	75.1908
Previous Monthly Low	73.8515
Daily Fibonacci 38.2%	74.7335
Daily Fibonacci 61.8%	74.8283
Daily Pivot Point S1	74.5394
Daily Pivot Point S2	74.3588
Daily Pivot Point S3	74.1377
Daily Pivot Point R1	74.9412
Daily Pivot Point R2	75.1623
Daily Pivot Point R3	75.3429

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

AUD/USD: The 0.7000 level holds the downside…for now

AUD/USD has clinched its fourth consecutive daily pullback on Thursday, coming closer to the key 0.7000 region while breaking below the critical 200-day SMA at the same time. The Aussie’s decline comes on the back of further gains in the Greenback in a context of rising yields and Fed rate hike bets.

USD/JPY keeps the red near 158.00 as Japanese Yen firms up

USD/JPY retreats from three-week highs and holds losses near 158.00 in the Asian session on Thursday. Surging Japanese bond yields lift the Yen amid looming intervention risks, while the US Dollar preserves overnight gains to a two-month high amid hawkish Fed bets and elevated US bond yields.

Gold bounces off lows, still below $4,300

Gold builds on Wednesday’s retracement, briefly slipping back below $4,250 per troy ounce to attempt a lacklustre rebound afterwards. The better tone in the US Dollar, rising US Treasury yields and expectation of extra rate hikes by the Fed continue to weigh on the precious metal in the latter part of Thursday’s NA session.

XRP is flashing three bullish signals heading into a historically weak October

XRP (XRP) is still flashing 3 bullish signals across its holders, derivatives, and ETF data. These signals come as the token gave back part of its September gains on Thursday. The token traded near $1.50 at press time, down about 6.3% over 24 hours, according to BeInCrypto Markets data. The pullback still leaves XRP up over 15.6% on the week, a gain that tracks a broader market rally.

Advanced economies: From one example of resilience to another

History tends to repeat itself in advanced economies. Once again, growth ultimately fell short of expectations by only a small margin in the first half of 2026, despite the conflict in Iran. As early as 2025, the impact of tariffs was less severe than feared.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.