RBI’s sounded hawkish on inflation front and talk about possible OMO sales is positive for INR yields. Higher yields can push the forward premium higher and slightly positive for Rupee. But at the end of the day, direction of USDINR will be dictated by global trend of the US Dollar and the US bond yields. US September non-farm payrolls +336K vs +170K expected, ISRAEL-PALESTINE WAR can lead to spike in crude, Negative for USD INR.
USD INR Weekly Chart
USD INR rejected from Upper end of range one again and foremed Weekly Doji.
USD INR Plannetary Support and Resistance Line
Indain Rupee at a support of Venus Plannet line.
USD INR Harmonic
Price has completd the Deep Crab Pattern below 83 heading towards 82/81.5