According to the latest Bloomberg data, the Indian Rupee (INR) emerged the third best performing currency among the Emerging Market (EM) currencies this month, with the gains mainly driven by the recent weakness in oil prices.
The Rupee climbed 2.80% versus the US dollar so far this month when compared to the rise in the Chilean Peso and the Indonesian Rupiah. Barring this month’s rise, the Rupee has been one of the worst performing EM currencies this calendar year.
At the press time, the USD/INR cross flirts with 11-week lows of 71.07, having failed several attempts to recover above the 71.20 level.
USD/INR
Overview:
Last Price: 71.1425
Daily change: 2.2e+2 pips
Daily change: 0.0316%
Daily Open: 71.12
Trends:
Daily SMA20: 72.6204
Daily SMA50: 72.9368
Daily SMA100: 71.293
Daily SMA200: 68.8372
Levels:
Daily High: 71.444
Daily Low: 71.12
Weekly High: 73.087
Weekly Low: 71.7125
Monthly High: 74.504
Monthly Low: 72.525
Daily Fibonacci 38.2%: 71.2438
Daily Fibonacci 61.8%: 71.3202
Daily Pivot Point S1: 71.012
Daily Pivot Point S2: 70.904
Daily Pivot Point S3: 70.688
Daily Pivot Point R1: 71.336
Daily Pivot Point R2: 71.552
Daily Pivot Point R3: 71.66
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