AUD/INR Consolidates Above Key Moving Averages Amid RBI's Robust Reserve Buildup
The Australian Dollar (AUD) vs Indian Rupee (INR) exchange rate has been consolidating, with prices holding above key moving averages.
A recent RBI swap scheme has boosted India's foreign exchange reserves to $136.38 billion by August 31, 2026, allowing the Reserve Bank of India (RBI) to support the rupee against rising oil prices and higher US Treasury yields.
The strong inflows from non-resident Indian deposits have helped the RBI absorb external shocks, driving the Indian Rupee to a two-month high. However, technical signals are mixed, with momentum indicators showing moderate underlying momentum but highlighting short-term overextension.
The pair is expected to consolidate within a volatility band of ₹67.6821, ₹68.3623 over the next few sessions, with an upward bias at 53% and downside risk allocated at 47%. A decisive break above or below this range could set the next directional move for AUD/INR.
The RBI's robust reserve buildup is a key factor to monitor in the coming days, as it will likely continue to influence currency markets and provide support for the rupee.