The USD/INR premium has eased considerably as November winds down, settling at 2.42 INR after hitting a recent peak of 2.78 INR on Tuesday. This pullback reflects shifting market dynamics in the rupee pair, with the decline suggesting reduced buying pressure after mid-week highs. Traders tracking the INR corridor are noting the volatility across the month-end period, a typical pattern as liquidity adjusts and positioning closes out ahead of the new month.
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DataPickledFish
· 16h ago
The recent pullback of the Indian Rupee is quite interesting, dropping from 2.78 to 2.42; this pace is a bit fast.
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SignatureCollector
· 16h ago
The recent pullback of the Rupee is quite fierce, dropping from 2.78 directly to 2.42. The liquidity at the end of the month is already tight, and those buying the dip might end up suffering.
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GasWastingMaximalist
· 16h ago
Damn, it fell again. This market trend at the end of the month is really messing with my mindset.
The USD/INR premium has eased considerably as November winds down, settling at 2.42 INR after hitting a recent peak of 2.78 INR on Tuesday. This pullback reflects shifting market dynamics in the rupee pair, with the decline suggesting reduced buying pressure after mid-week highs. Traders tracking the INR corridor are noting the volatility across the month-end period, a typical pattern as liquidity adjusts and positioning closes out ahead of the new month.