- Analytics
- News and Tools
- Market News
- USD/INR Price News: Indian rupee traces options market signals to renew record low near 79.20
USD/INR Price News: Indian rupee traces options market signals to renew record low near 79.20
USD/INR refreshes all-time high at 79.20 during Friday’s Asian session, bracing for the biggest weekly jump since late February.
In doing so, the Indian rupee (INR) pair justifies the hawkish signals flashed by the options market, in addition to the broad US dollar strength amid a risk-off mood.
That said, the one-month risk reversal (RR) for the USD/INR, a difference between the call and put options, jumps the most on the daily basis, to 0.175 on Thursday, per Reuters data.
The weekly RR, however, eyes the strongest figure since early May, at 0.105 by the press time.
It’s worth noting that the fears of economic slowdown and the market’s anxiety ahead of the US ISM Manufacturing PMI appear to have recalled the US dollar bulls after the greenback declined from a two-week high the previous day.
Read: US Dollar Index bulls approach fortnight high around 105.00, US ISM PMI in focus
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
