The USDINR is trading to new record highs.
The rupee continues to face pressure from weak trade and investment flows, even as India remains the fastest-growing major economy and local equities hit record highs. Slowing goods exports and the drag from high tariffs pose additional risks to India’s growth, current account, and balance of payments, with some analysts expecting USDINR to weaken further unless tariffs are reduced. The rupee also hit a record low against the offshore yuan, reflecting broader regional currency softness despite a steady dollar index.
Technically, tools can be applied that define risk for the buyers and also target levels. Knowing the risk and the targets provide traders with a roadmap, with defined risk, for trades.
In the video, I talk about the risks for the buyers and the targets and create the roadmap for their trading in the USDINR.
