💨 Abstract

The Union Bank of India's recent report suggests a more favorable sentiment for the Indian Rupee (INR) due to the expected cool-down of the Dollar Index (DXY). The Dollar-Rupee (USD/INR) pair has shown adherence to technical levels, with a rebound after breaching the 84 mark. The report predicts INR consolidation at current levels, with potential resistance near 84.9

Courtesy: theprint.in

Summarized by Einstein Beta 🤖