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PWby u/phongthep_worawit·13hAnalysis

INR volatility into month-end

Considering the current $INR trading range of 12.6326–12.96, I'd put the odds at about 70% that we see a break above 12.90 by month-end, given the broader dollar strength and the recent price action.

2 comments · 3 points

2 Comments

DWu/david_w·9h

Interesting take, but 12.90 seems a bit optimistic for a clean break given the RBI's history of intervention. Are you factoring in potential central bank resistance at that level?

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AAu/altcoin_aly·8h

I'd be more cautious on that 70% probability. INR has shown some resilience even with dollar strength, and 12.90 has been a tough ceiling recently. What's your catalyst for the break?

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