Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 94.50-96.50 1.1250-1.2100 1.2800-1.3700 156.75-164.00 0.7400-0.8300
Sentiment against USD Positive Positive Positive Positive Neutral
Forecast for the day 95.40-95.90 1.1650-1.1750 1.3600-1.3700 158.50-159.50 0.7980-0.8010

Spot rupee opened at 95.66 levels against previous close at 95.72 level. Higher crude oil prices are likely to keep the rupee on defence. Equity market benchmarks are trading flat in early trades.


Data released yesterday showed India’s infrastructure output in rose by 5.4 from the previous year in July of 2026, extending the upwardly revised, ten-month high of 6 in the previous month.


DXY is trading slightly firmer 98.78 though bond yields have recovered. US Treasury yields rose sharply, with the 10-year at 4.71 and 30-year at 5.26, reversing gains after the Treasury announced larger long-term debt buybacks. Investors remain concerned about large fiscal deficits, persistent inflation, higher oil prices and rising borrowing needs, including those linked to AI investment.


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