Rupee Rallies: USD/INR Set for Volatile Ride Between 85.60 and 80

The Indian Rupee is making headlines as it hovers near a three-month high, with the USD/INR pair expected to swing in a wide intraday range of 85.60 to 80. Market watchers are bracing for a day of sharp moves, driven by robust foreign inflows, upbeat local equities, and shifting global cues.

Key Highlights:

The rupee surged to 85.57 against the US dollar, erasing much of its 2025 losses and marking its best week in over two years.

Foreign Institutional Investors (FIIs) have returned in force, with record stock purchases boosting rupee sentiment.

Today’s forecast sees the USD/INR fluctuating between 85.56 and 86.04, with some models suggesting a possible dip toward 80 if momentum continues.

The US dollar index remains subdued near 103.60, supporting emerging market currencies like the rupee.

Economic data, including improved trade figures and stable inflation, are adding to the rupee’s resilience.

Analysts caution that while the rupee’s rally is impressive, global uncertainties and potential US policy shifts could trigger sharp reversals.

Traders are advised to watch for volatility spikes, especially as the rupee tests key resistance and support levels.

With the rupee on a roll and volatility on the cards, today’s session promises action for currency traders and investors alike.

Sources: Business Standard, BookMyForex, DollarRupee.in