Escalating Indo-Pak tensions knock-off the Rupee, 72.00 back on sight. Eyes on Indo-Pak- related headlines, Powell’s testimony and US data for fresh impetus. The Indian National Rupee (INR) extended losing streak versus the US dollar into a third day today, prompting the USD/INR cross to refresh fresh six-day tops at 71.50 levels. At the press time, the cross trades +0.50% higher at 71.35. The latest leg down in the Indian currency can be mainly attributed to escalating geopolitical tensions between India and Pakistan after both the sides exchanged fire along their contested border in Kashmir. The USD/INR pair picked up bids on the reports and rallied from 70.91 levels to the midpoint of the 0.71 handle. On Tuesday, Indian warplanes struck inside Pakistan on a militant training base for the first time since a war in 1971, avenging a suicide car bombing by Pakistan-based militants in Indian-controlled Kashmir that killed at least 40 policy personnel on Feb. 14. Looking ahead, softer risk tones are likely to prevail, as the focus will remain on the developments around the Indo-Pak geopolitics while the round 2 of Fed Chair Powell’s testimony will be also eyed for fresh dollar trades. USD/INR Technical Levels Overview: Today Last Price: 71.355 Today Daily change: 40 pips Today Daily change %: 0.56% Today Daily Open: 70.955 Trends: Daily SMA20: 71.1647 Daily SMA50: 70.7584 Daily SMA100: 71.4885 Daily SMA200: 70.6043 Levels: Previous Daily High: 71.455 Previous Daily Low: 70.8114 Previous Weekly High: 71.71 Previous Weekly Low: 70.9205 Previous Monthly High: 71.64 Previous Monthly Low: 69.185 Daily Fibonacci 38.2%: 71.2091 Daily Fibonacci 61.8%: 71.0573 Daily Pivot Point S1: 70.6926 Daily Pivot Point S2: 70.4302 Daily Pivot Point S3: 70.049 Daily Pivot Point R1: 71.3362 Daily Pivot Point R2: 71.7174 Daily Pivot Point R3: 71.9798 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Prices stabilising – Danske Bank FX Street 4 years Escalating Indo-Pak tensions knock-off the Rupee, 72.00 back on sight. Eyes on Indo-Pak- related headlines, Powell's testimony and US data for fresh impetus. The Indian National Rupee (INR) extended losing streak versus the US dollar into a third day today, prompting the USD/INR cross to refresh fresh six-day tops at 71.50 levels. At the press time, the cross trades +0.50% higher at 71.35. The latest leg down in the Indian currency can be mainly attributed to escalating geopolitical tensions between India and Pakistan after both the sides exchanged fire along their contested border in Kashmir. The USD/INR pair picked up… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
