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U.S. Dollar / Indian Rupee

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USDINR trade ideas

$USDINR Breakout Daily ChartFX_IDC:USDINR Breakout Daily Chart watch closely for a test of the horizontal line. The USD/INR exchange rate is important to the U.S. stock market because it affects the cost of investing in Indian stocks for U.S. investors. When the USD/INR exchange rate is high, it means that it costs more U.S. dollars to buy a given amount of Indian rupees. This makes Indian stocks more expensive for U.S. investors, which can lead to a decline in demand for these stocks. Conversely, when the USD/INR exchange rate is low, it means that it costs less U.S. dollars to buy a given amount of Indian rupees. This makes Indian stocks cheaper for U.S. investors, which can lead to an increase in demand for these stocks. In addition to the cost of investing, the USD/INR exchange rate can also affect the profitability of U.S. companies that do business in India. When the USD/INR exchange rate is high, it means that U.S. companies that export goods and services to India earn more rupees per dollar. This can boost their profits. Conversely, when the USD/INR exchange rate is low, it means that U.S. companies that export goods and services to India earn fewer rupees per dollar. This can hurt their profits. Overall, the USD/INR exchange rate is an important factor that can affect the U.S. stock market in a number of ways. It is important for U.S. investors to monitor this exchange rate and factor it into their investment decisions. Here are some specific examples of how the USD/INR exchange rate can affect the U.S. stock market: If the USD/INR exchange rate rises sharply, it could lead to a decline in demand for Indian stocks by U.S. investors. This could cause the prices of Indian stocks to fall. If the USD/INR exchange rate falls sharply, it could lead to an increase in demand for Indian stocks by U.S. investors. This could cause the prices of Indian stocks to rise. If the USD/INR exchange rate remains high for an extended period of time, it could hurt the profitability of U.S. companies that do business in India. This could lead to lower stock prices for these companies. If the USD/INR exchange rate remains low for an extended period of time, it could boost the profitability of U.S. companies that do business in India. This could lead to higher stock prices for these companies.
by AlgoTradeAlert
USDINR breaks higher after Indian inflation jumpIndian appeared to have been having success in driving down inflation of late, with CPI falling back from over 7% to 4.8% in the past year. However, the 7.4% retail inflation rate announced today provides a dramatic shift to the landscape, marking the highest rate in 15-years. That has been largely attributed to food prices, which is so heavily weighted that it accounts for nearly half of the overall CPI figure. With that in mind, the whopping 11.51% food inflation rate seen in June managed to drive a similar surge in the headline figure. For markets, this has seen the rupee weaken, with USDINR rising up towards resistance at 83.28. Coming off the back of a prolonged period of consolidation, it looks likely that we are set for a potential upside breakout. With that in mind, a move through 83.28 resistance would signal a possible impending surge for the pair. To the downside a move below 83.60 would be required to negate that bullish view.
Long
by ScopeMarkets
INDIAN RUPEE VS US DOLLAR The Indian rupee has been battling and facing turmoil against the dollar since more than two decades now.Despite the changing monetary rules and policies, the Indian currency has been facing a downfall when compared to the dollars. The current rupee value against US dollar changes every day, due to various reasons that affect Indian rupee. Global economic slowdown Crude oil price FII inflow in Markets gone down / Rise in interest rates in US Trade deficit
Long
by madhu2811
Caution Note to Investors: USDINR Rise Ahead Recent market trends suggest the possibility of a potential rise in USD INR in the near future, accompanied by significant market fluctuations. It is important to note that the USD INR has been in a consolidation phase since October 2022, forming a flag pattern, which could indicate a prolonged movement ahead. While there might be opportunities for going long in the market with limited risk and potential for profit-taking, investors should exercise caution. Market fluctuations can be unpredictable and could result in unexpected outcomes. It is advisable to carefully assess your investment decisions and consider waiting for pullbacks before considering a second entry. Furthermore, it's important to recognize that market movements can be influenced by various factors, and speculating on their connection to upcoming elections is uncertain. Therefore, it's essential for investors to stay informed, seek expert advice, and diversify their portfolios to mitigate potential risks associated with the dynamic market conditions.
Long
by svsinu
Protective PUT strategy | Inverted H&S pattern4H time frame : Inverted H&S pattern, neckline has broke and the target is 82.8210. This is for a aggressive traders D time frame : Daily candle has to close above the LH level 82.2025 for the conservative traders. Weekly time frame : The Ascending triangle is still valid pattern. Have explained the Protective PUT strategy for those with the lesser capital and fear of loosing capital. Beginners please hedge your position and trade.
Long
by the_paradox
USDINR rallies into major historical resistanceThe US dollar has been on the rise late, with equity market weakness translating into a upside for havens such as the greenback. For USDINR this has brought the currency pair back up into a major historical resistance level that could yet cause a significant breakout or reversal. The key line in the sand comes in the form of the prior swing-high at 82.79. A break up through that level would signal a potential resumption of the long-term bull market. However, until that level breaks, we are faced with the potential of a seventh peak within a consolidation phase that has lasted almost a year.
by ScopeMarkets
USDINR Go ShortUSDINR is at the resistance zone, if manage to close below, we can see a potential downside. This is purely a technical view. Any change in sentiments can affect the price adversely. Please do like and subscribe. Any suggestions or advice is humbly welcomed. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
Short
by Kaushik_Karnale