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BWby u/brianna.white·8hAnalysis

INR 13.50 by Month-End?

Watching $INR closely. We've seen it hover around 13.12 today, with a recent range of 12.88–13.28. Given the persistent hawkish rhetoric from the central bank and the potential for increased capital outflows if global risk-off sentiment strengthens, I'm assigning a roughly 60% probability that we see $INR test 13.50 before month-end. This isn't a strong conviction, as local demand can shift quickly, but the technical picture combined with macro headwinds suggests an upward bias from here. If it fails to push past 13.30 in the next few sessions, that probability would drop significantly, probably below 40%.

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