HALISTER1: Rupee Forwards Slide After RBI’s Rajan Announces September Exit

Rupee Forwards Slide After RBI’s Rajan Announces September Exit

(Bloomberg) -- USD/INR 1-month NDF rises as much as 0.7% to 67.88, highest since June 2.
  • Currently trades +0.4% at 67.68
  • Resistance: 67.93, June 1 high; 68.20, May 24 high
  • Support: 67.36, 10-DMA; 67.16, 55-DMA
  • Spot USD/INR closed on June 17 at 67.0850, down 0.3%
  • NOTE: Rajan poses double India stress test
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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