INR Overview

USD Performance: The US dollar weakened after the Supreme Court's ruling on Trump's tariffs, creating policy uncertainty, but it later recovered some losses as traders await new developments and economic data.

INR Trends: The Indian Rupee is on a bearish trend against the US dollar, experiencing a temporary boost from reduced tariffs but quickly losing ground due to the reimposition of tariffs by Trump and deferred trade talks.

USDINR Technical Analysis: On the daily chart, USDINR is slowly rising with dip-buyers active near the lower channel bound, while the 4-hour chart shows consolidation above key resistance at 91.00, indicating potential for further gains.

Upcoming Economic Indicators: Key upcoming economic data includes US Jobless Claims and the US PPI report, alongside the third round of US-Iran talks, which could influence market movements.

USD Performance: The US dollar is strengthening against major currencies due to strong economic data and US-Iran tensions, with expectations of limited rate cuts from the Federal Reserve unless inflation improves significantly.

INR Developments: The Indian Rupee is on a bearish trend against the US dollar, but recent trade agreements and rising inflation have provided a temporary boost, with potential for further gains depending on the US Supreme Court's decision on tariffs.

Technical Analysis - Daily: The USDINR pair is consolidating at the lower channel bound, with bullish momentum building as buyers target a rally towards the 93.00 level, while sellers aim for new lows below the channel.

Upcoming Economic Indicators: Key economic indicators to watch include the US Q4 GDP, PCE price index, Flash PMIs, and the Supreme Court's ruling on tariffs, which could impact both the USD and INR.

USD Market Overview: The US dollar is trading sideways following mixed economic data, with rate cut expectations firming up; significant data releases are anticipated this week, including US Flash PMIs and Q4 GDP.

INR Performance: The Indian Rupee is on a bearish trend against the US dollar, but recent trade deal developments and rising inflation may provide temporary support; a Supreme Court ruling on tariffs could further influence its value.

USDINR Technical Analysis: The daily chart shows USDINR consolidating at lower levels, with potential for a rally if buyers step in; resistance around 91.00 remains a key focus for traders.

Upcoming Economic Events: Key economic indicators and events are scheduled, including FOMC Meeting Minutes, US Jobless Claims, and the US Supreme Court decision on tariffs, which could impact market movements.

US Dollar Movement: The US Dollar initially rose after a strong NFP report but quickly lost gains as the market remains cautious ahead of the US CPI report, indicating uncertainty about future rate cuts despite improving economic conditions.

CPI Report Impact: The upcoming US CPI report is crucial; a soft report may not change market expectations significantly, while a strong report could lead to a hawkish reaction and a rally in the US Dollar.

Indian Rupee Developments: The Indian Rupee is on a bearish trend against the US Dollar, but recent trade deal announcements and rising inflation have provided some support, with the RBI maintaining steady interest rates.

USDINR Technical Analysis: Technical analysis shows USDINR facing resistance around the 91.00 level, with buyers looking for a breakout to new highs, while sellers are poised to capitalize on resistance and potential declines.