USDINR WEEKLY (6TH JAN TO 10TH JAN'2025)

USDINR

WEEKLY TREND: - LONG INTACT – BUY ON DIP

INTRADAY RANGE – 85.35<85.65 – 86.00>86.25

USDINR WEEKLY FUNDAMENTAL

• India's Foreign Exchange Reserves

  • $640 Billion (Last seen that level on April 2024) vs. $644 Billion.

  • Historical high $704.89 Billion in Oct 2024.

• India 10YR. Yield at 6.80 which is well below death cross but underline trying to test 50DMA .

• FII Data in Jan’2025

  • FII -4503 cr. Vs DII +2533 cr.

  • FII was net selling in Index Future as well as Option market.

    • Interpretation : - Selling Index Future as well as Selling Call option

  • FII was net buyer in Stock Future market but sold option of stock future.

    • Interpretation: - Bullish on stock as well as Selling Put option.

• Nifty +1.1% as well as BSE +1% on weekly basis.

USDINR WEEKLY TECHNICAL

Weekly USD/INR chart shows strong upward trend with indicators signaling an overbought market, while MACD suggests potential for further upside.