USD/INR technical analysis: Rupee looks south as India's GDP hits 6-year low

USD/INR's4-hour chart shows a falling channel breakout.
India's GDP growth hit a six-year low of 4.5% in the September quarter.

Omkar Godbole FXStreet Contributor

The path of least resistance of the Indian Rupee is to the downside.

The Indian unit rose well above 71.60 on Friday, confirming a falling channel breakout on the USD/INR's 4-hour chart. The pattern indicates the pullback from the Nov. 14 high of 72.24 has ended and the rally from the Nov. 4 low of 70.549 has resumed.

The pair, therefore, looks set to test and possibly break above the psychological resistance of 72.00.

Supporting the bullish technicals is the horribly weak Indian data released Friday. India's gross domestic product (GDP) slumped to 4.5% in the September quarter, the weakest pace since 2013. The Gross Domestic Product (GDP) growth stood at 7% in the September quarter of 2018-19.

The GDP data was released post-market hours. USD/INR, therefore, may gap higher on Monday.

4-hour chart

Trend: Bullish

Technical levels

USD/INR

Overview
Today last price	71.7425
Today Daily Change	-0.0065
Today Daily Change %	-0.01
Today daily open	71.749

Trends
Daily SMA20	71.5506
Daily SMA50	71.2089
Daily SMA100	70.9629
Daily SMA200	70.2324

Levels
Previous Daily High	71.8815
Previous Daily Low	71.46
Previous Weekly High	71.8815
Previous Weekly Low	71.2255
Previous Monthly High	72.37
Previous Monthly Low	70.4975
Daily Fibonacci 38.2%	71.7205
Daily Fibonacci 61.8%	71.621
Daily Pivot Point S1	71.5122
Daily Pivot Point S2	71.2753
Daily Pivot Point S3	71.0907
Daily Pivot Point R1	71.9337
Daily Pivot Point R2	72.1183
Daily Pivot Point R3	72.3552

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.