‼️ 🇮🇳 The Indian Rupee broke key resistance on Tuesday, opening a path toward 94/USD and the 200-day moving average near 93, a move that could trigger further short-covering. The rally is bolstered by the RBI’s strengthened FX reserves, built up through inflows via a special FX deposit window, giving it more room to intervene and support the currency — though rising oil prices and global bond yields remain headwinds.
AlgoTrader 