pullback and sluggish markets also challenge the recent USD/INR moves during Thursday’s Asian session.
The news also mentioned that the steps came after the Reserve Bank of India's foreign exchange reserves fell by more than $40 billion over the past nine months, largely due to the RBI's intervention in the currency market to cap rupee losses. Moving on, the US ADP Employment Change for June, expected 200K versus 128K prior, will be important to watch as it becomes the early signal for Friday’sUSD/INR stays inside a weekly ascending trend channel amid a steady RSI . However, bearish MACD signals challenge the buyers.
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