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Forex

AUD/INR Pauses at Key Support Level Amid RBI Intervention

Guavy AI Editorial Team
Instruments
USD
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The Indian rupee saw a brief depreciation beyond 96 per US dollar before recovering thanks to intervention by the Reserve Bank of India and foreign inflows tied to equity index rebalancing.

Stable global oil prices also contributed to reducing external pressure on the rupee and moderating forex market volatility.

The AUD/INR pair remains below major moving averages, with intraday indicators showing strong downside probability.

According to technical analysis, the pair is expected to fluctuate between ₹66.3361 and ₹67.0027 over the next 2-3 days, with a very low probability of an upward breakout.

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