USD/INR New York Price Forecast: Greenback stable near 75.50 level vs. Indian rupee

  • USD/INR attempts to stabilize near the 75.50 support level as the week kicks off.
  • The level to beat for sellers is the 75.50 support.  

USD/INR daily chart

USD/INR is trying to find some footing near the 75.50 support level figure as the spot is still trading directionless confined in the 75.00/76.00 range. However, a close below the 75.50 support on a daily basis can lead to more selling with 75.00 as a possible target. On the flip side, strong resistance can be expected near the 76.00 figure.

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