Home USD/INR Price Analysis: Greenback fades 76.00 figure vs. Indian rupee

USD/INR Price Analysis: Greenback fades 76.00 figure vs. Indian rupee

Published date: 28 May. 2020 | 19:32

USD/INR is ticking down on broad-based USD selloff.
USD/INR rejects the 76.00 resistance one more time.

USD/INR daily chart

USD/INR is rejecting the 76.00 figure once again as the quote is failing to find a clear direction in May while the market remains trapped in the 75.00/76.00 range. A close below the 75.50 level on a daily basis can attract further selling interest with 75.00 as a possible target. On the flip side, strong resistance is seen near the 76.00 figure.

Additional key levels

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