💨 Abstract

The Indian rupee continued to strengthen on Monday, extending its winning streak over the last five sessions and recording its best weekly gain this year. However, a technical indicator suggests the currency's gains may plateau due to the dollar-rupee pair being 'oversold'. This week, any U.S. dollar rebound could be temporary as U.S. yields are expected to decrease, aiming for a soft landing.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖