The University of Michigan Consumer Sentiment Index fell to 64.7 in February, compared to the previous reading and the expectation of 67.8.\u00a0\u00a0<\/li>\n<\/ul>\nUSD\/INR maintains its constructive bias despite consolidation in the near term<\/h2>\n
The Indian Rupee trades on a flat note on the day. The USD\/INR pair maintains a positive view as the price holds above the key 100-day Exponential Moving Average (EMA) on the daily chart. However, the 14-day Relative Strength Index (RSI) hovers around the midline near 50.0, suggesting that further consolidation or downside cannot be ruled out.\u00a0<\/p>\n
The first upside barrier for USD\/INR is located at the 87.00 psychological level. Extended gains above the mentioned level could pave the way to an all-time high near 88.00, en route to 88.50.\u00a0<\/p>\n
On the other hand, a decisive break below the low of February 12 at 86.35 could see a drop to 86.14, the low of January 27. The additional downside target to watch is 85.65, the low of January 7.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Indian Rupee trades flat in Monday\u2019s Asian session.\u00a0\u00a0 Persistent selling of domestic stocks from overseas could weigh on the INR.\u00a0 Traders brace for the Chicago Fed National Activity Index for January, which is due later on Monday.\u00a0 The Indian Rupee (INR) holds steady on Monday. The concern over Foreign Portfolio Investment (FPI) outflows, with […]<\/p>\n","protected":false},"author":2,"featured_media":366048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,2070,255,289,250,333,252,247,253,249,5212,1109,256,254],"class_list":["post-374070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-emergingmarkets","tag-gta","tag-india","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-seo","tag-usdinr","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/374070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=374070"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/374070\/revisions"}],"predecessor-version":[{"id":374076,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/374070\/revisions\/374076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/366048"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=374070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=374070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=374070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}