A range bound movement of USDINR is expected; as no major event /intervention is expected at moment. Since Dollar index is finding hard to maintain the strength; FOMC meeting minutes are being perceived less hawkish by market; and todays economic data of USA are also expected to be on weaker sideā¦continuous fear of recession/stagflation is major reason for USD to get soften against its pairsā¦ technically 77.30 is support point to USDINR value , while 77.90 is resistance.. we may see good move breaching those levelsā¦ currently biased is towards breaching lower sideā¦for levels download attached PDF report.
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