USD/INR Pulls Back from All-Time Highs as Investors Anticipate RBI Decision and Insights
Written by Emily J. Thompson, Senior Investment Analyst
Source: InvestingliveForex
Updated: 1 hour ago0mins
USD/INR Movement: The USD/INR opened lower at 89.84, down from a record high of 90.42, as traders await the Reserve Bank of India's policy decision, with potential for the pair to retest the 90 mark if rates are cut.
Market Expectations: Many analysts predict the USD/INR will consolidate within a range of 89.80–90.20 until the RBI's announcement, with mixed opinions on the likelihood of a rate cut.
Bond Market Reaction: Indian government bonds showed improvement, with the 10-year yield decreasing to 6.515%, reflecting growing confidence in a dovish stance from the RBI.
Stock Market Performance: India's Nifty 50 index has turned positive amid the evolving market conditions and expectations surrounding the RBI's policy announcement.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
