Forex - India Flows: Rupee toying with 71 as trade talks loom


 04:35 (GMT) 07 Oct

  [Forex Flows]

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India Flows: Rupee toying with 71 as trade talks loom (0101-PHMN-C01)

USD/INR onshore spot picked up some momentum to rise to 71+ levels in early trading on Monday from previous close of 70.880 as risk aversion was at play amid the looming US-China trade talks. Another round of RCEP negotiations are also scheduled for this week, which may keep investors on the edge after the RBI decision underwhelmed the markets. Only break of support at 70.355 will turn the focus to the downside. 1M NDFs traded with an upside bias, back to 71.400-levels this morning, after slipping to 71.150 overnight. SENSEX in gains of 0.4% at last check.


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