The USD/INR starts on Friday near 93.50, with a slight increase. Investors are awaiting the U.S. employment data.



Piyush Goyal, India's Commerce Minister, is optimistic about the rupee. He seems confident. He says the government is monitoring the situation, despite tensions with the U.S. He hopes everything will normalize soon.

The dollar index is around 99.30. Expectation.

The October report could show 150,000 new jobs. Unemployment at 4.1%. Wages are key. An annual increase of 4.0% is expected. We'll see what happens.

The USD/INR remains bullish above the 20-day moving average (.80). The resistance is at 94.00. Interesting.

The rupee depends on various factors. Oil, the dollar, foreign investments. Also the Reserve Bank of India and its decisions. A complex landscape.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)