Indian Rupee US Dollar INR/USD

Indian Rupee US Dollar (INR/USD) closed down by -0.04% to 74.44 on 23 January 2021 and +0.26% on a weekly basis. Indian Rupee US Dollar (INR/USD) momentum was last calculated at +0.0/100 indicating positive momentum. Indian Rupee US Dollar (INR/USD) trend is -50.0/100 indicating a negative trend. Indian Rupee US Dollar (INR/USD) momentum exhaustion is -0.77689 indicating Indian Rupee US Dollar (INR/USD) is oversold.Indian Rupee US Dollar (INR/USD) RSI is 32.7343 .

Indian Rupee US Dollar INR/USD Chart

Indian Rupee US Dollar INR/USD

Indian Rupee US Dollar INR/USD Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Indian Rupee US Dollar (INR/USD). Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Indian Rupee US Dollar (INR/USD) trading signals presented in the Indian Rupee US Dollar (INR/USD) statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Indian Rupee US Dollar (INR/USD) INRUSD 74.44 0 -0.5 -0.77689 32.7343 -0.04 0.26 0.12 0.03357

Indian Rupee US Dollar (INR/USD) closed at 74.44 on 23 January 2021. Indian Rupee US Dollar (INR/USD) trend was last calculated at -50.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Indian Rupee US Dollar (INR/USD) momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. Indian Rupee US Dollar (INR/USD) momentum exhaustion is -0.77689 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Indian Rupee US Dollar (INR/USD) is oversold and a possible reversal is imminent. Indian Rupee US Dollar (INR/USD) RSI was last calculated at 32.7343. Indian Rupee US Dollar (INR/USD) moving averages were last recorded as follows: 1-month moving average: 73.5856 in a downtrend , 1-quarter moving average: 73.8443 in an uptrend and 1-year moving average: 74.2352 in an uptrend. Indian Rupee US Dollar (INR/USD) annual return was last recorded at None%, daily return was last recorded at -0.04%, and weekly return was last recorded at 0.26%. Indian Rupee US Dollar (INR/USD) histrorical 20-day volatility was last recorded at 2.79164%, Indian Rupee US Dollar (INR/USD) alpha None, Indian Rupee US Dollar (INR/USD) beta None and Indian Rupee US Dollar (INR/USD) maximum drawdown was recorded at None%. MacroVar models monitor Indian Rupee US Dollar (INR/USD) statistics based on historical data since 1970.

Indian Rupee US Dollar INR/USD News

Indian Rupee US Dollar (INR/USD) Factors

Indian Rupee US Dollar (INR/USD)

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
India PMI vs FX IN.FACT.FXPMI 74.5101 52.1629 -0.755532

India Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
BSE Sensex 30 BSE 52198.5 1 1 2.06197 73.6235 -1.08 -0.74 7.88 0.15889
India ETF INDA 44.18 1 1 2.01918 76.1443 -0.61 -0.63 8.71 0.18716
Indian Rupee US Dollar (INR/USD) INRUSD 74.44 0 -0.5 -0.77689 32.7343 -0.04 0.26 0.12 0.03357
India 5-Year Bond Yield IN.5Y 5.89 0.5 0 -0.77175 59.8953 -0.27 -0.69 0.6 -0.17779
India 2-year bond yield IN.2Y 4.33 0.5 0 -0.64858 68.5761 -2.3 -3.5 -2.08 -0.30966
India Yield Curve IN.YC 1.96 -0.5 0.25 0.53409 28.3207 6.52 12.64 9.07 2.06552
India Credit Default Swaps CDS.India 107.14 0 0 -0.06085 68.4933 7.66 24.55 -4.73 0.44141

India Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade -9370 -6280 0.492038 -12.8608 1.0 -1.0 0.0166667 2021-06-30
bank lending rate 8.8 8.8 0 -0.0638298 -1.0 -1.0 0.025 2020-12-31
business confidence 114.1 111.4 0.024237 -0.0146805 1.0 -1.0 0.4 2021-01-01
capital flows -38.46 -166.97 -0.769659 -0.102848 1.0 1.0 0 2021-01-31
car registrations 166118 62593 1.65394 1.14786 -1.0 1.0 0.966667 2021-06-30
cash reserve ratio 3.5 3.5 0 0.166667 1.0 1.0 0.991667 2021-05-28
central bank balance sheet 31635.3 29189.7 0.083783 0.170542 1.0 1.0 0.633333 2021-06-30
composite pmi 43.1 48.1 -0.10395 0.140212 -1.0 1.0 0.933333 2021-06-30
consumer confidence 52 50 0.04 -0.463364 -1.0 -1.0 0 2020-10-01
consumer price index cpi 161.3 160.4 0.00561097 0.0625823 1.0 1.0 0.816667 2021-06-30
current account -8134.78 -2212.23 2.67719 -0.376521 -1.0 1.0 0.416667 2021-01-31
current account to gdp 0.9 -0.9 -2 -1.3913 1.0 1.0 0 2020-01-31
exports 32270 30630 0.0535423 0.693963 1.0 1.0 0.983333 2021-05-31
external debt 570000 563487 0.0115584 0.0769144 1.0 1.0 0.1 2021-01-31
fiscal expenditure 477961 226690 1.10843 92.3808 1.0 1.0 0.983333 2021-05-31
foreign direct investment 9140 2837 2.22171 3.53373 1.0 1.0 0.95 2021-05-31
foreign exchange reserves 611900 610010 0.00309831 0.0506344 1.0 1.0 0.483333 2021-07-09
gdp 2622.98 2870.5 -0.0862289 1.18782 1.0 1.0 0 2020-01-31
Real GDP 38963.4 36222.8 0.0756595 0.11588 1.0 1.0 0 2021-01-01
gdp growth 2.1 9.3 -0.774194 -0.0454545 1.0 -1.0 0.591667 2021-01-31
gdp growth annual 1.6 0.5 2.2 -0.804878 1.0 -1.0 0.0666667 2021-01-01
gold reserves 695.31 676.64 0.0275922 0.24096 1.0 1.0 0.8 2021-01-01
government budget -9.4 -4.6 1.04348 0.569282 -1.0 -1.0 0 2020-01-31
Government budget -123174 -78699 0.565128 25.4127 1.0 -1.0 0.966667 2021-05-31
government debt to gdp 69.62 69.8 -0.0025788 -0.0254759 1.0 -1.0 0 2019-01-31
government revenues 354787 147991 1.39736 778.786 1.0 1.0 1 2021-05-31
housing index 107 101 0.0594059 0.038835 1.0 1.0 0 2020-10-01
imports 41870 38550 0.0861219 0.98342 1.0 1.0 0.983333 2021-06-30
industrial production 29.3 134.6 -0.782318 -1.87725 1.0 1.0 0.166667 2021-05-31
industrial production mom -8 -12.9 -0.379845 -1.1194 -1.0 -1.0 0.333333 2021-05-31
inflation cpi 6.26 6.3 -0.00634921 0.00481541 1.0 1.0 0.516667 2021-06-30
interbank rate 3.35 3.17 0.0567823 -0.00593472 1.0 -1.0 0.333333 2021-04-16
interest rate 4 4.4 -0.0909091 -0.333333 -1.0 -1.0 0.0166667 2020-05-22
loan growth 5.6 6.5 -0.138462 0.0980392 -1.0 1.0 0.85 2021-09-06
manufacturing pmi 48.1 50.8 -0.0531496 0.0456522 -1.0 1.0 0.783333 2021-06-30
money supply m1 47401.3 47004.3 0.00844604 0.150791 1.0 1.0 0.566667 2021-05-31
money supply m2 49437.5 48827.7 0.0124888 0.141488 1.0 1.0 0.416667 2021-06-30
money supply m3 193119 190960 0.011306 0.104124 1.0 1.0 0.733333 2021-07-31
Producer Price Index 133.7 132.7 0.0075358 0.120704 1.0 1.0 0.983333 2021-06-30
PPI Index 12.07 12.94 -0.0672334 -7.66851 1.0 1.0 0.05 2021-06-30
reverse repo rate 3.35 3.75 -0.106667 -0.417391 -1.0 -1.0 0.0166667 2020-05-31
services pmi 41.2 46.4 -0.112069 0.222552 -1.0 1.0 0.966667 2021-06-30
unemployment rate 11.9 8 0.4875 -0.451613 1.0 -1.0 0 2021-05-31
youth unemployment rate 34.7 21.1 0.64455 0 -1.0 -1.0 0 2020-04-30

Indian Rupee US Dollar (INR/USD) Trading Signals


MacroVar estimates the following signals: Indian Rupee US Dollar (INR/USD) momentum, Indian Rupee US Dollar (INR/USD) trend, Indian Rupee US Dollar (INR/USD) oscillator, Indian Rupee US Dollar (INR/USD) RSI and Indian Rupee US Dollar (INR/USD) returns.

Indian Rupee US Dollar (INR/USD) Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarIndian Rupee US Dollar (INR/USD) momentum signal ranges from -100 to +100. The Indian Rupee US Dollar (INR/USD) momentum signal is derived as the mean value from 4 calculations for the Indian Rupee US Dollar (INR/USD). The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Indian Rupee US Dollar (INR/USD) return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Indian Rupee US Dollar INR/USD momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Indian Rupee US Dollar (INR/USD) momentum signal moves from positive to negative value or vice-versa.

Indian Rupee US Dollar (INR/USD) trend

Indian Rupee US Dollar (INR/USD) trend signal ranges from -100 to +100. Indian Rupee US Dollar (INR/USD) trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Indian Rupee US Dollar (INR/USD) Closing price vs Indian Rupee US Dollar (INR/USD) moving average (MA) calculation: If Indian Rupee US Dollar (INR/USD) is greater than Indian Rupee US Dollar (INR/USD) MA value is +1, else -1, 2. Indian Rupee US Dollar (INR/USD) Moving average slope calculation: if current Indian Rupee US Dollar (INR/USD) moving average is higher than the previous MA, Indian Rupee US Dollar (INR/USD) upward slope +1, else -1
Indian Rupee US Dollar (INR/USD) trend model can be used as a trend strength indicator. Indian Rupee US Dollar (INR/USD) trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Indian Rupee US Dollar (INR/USD) trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Indian Rupee US Dollar (INR/USD) 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Indian Rupee US Dollar (INR/USD) is in an uptrend when Indian Rupee US Dollar (INR/USD) price is higher than the 52-week moving average and the Indian Rupee US Dollar (INR/USD) 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Indian Rupee US Dollar (INR/USD) oscillator and Indian Rupee US Dollar (INR/USD) RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Indian Rupee US Dollar (INR/USD) oscillator

The Indian Rupee US Dollar (INR/USD) oscillator estimated by MacroVar is the z-score of the current Indian Rupee US Dollar (INR/USD) price versus Indian Rupee US Dollar (INR/USD) 1-year simple moving average price. The formula for the Indian Rupee US Dollar (INR/USD) oscillator is:
Indian Rupee US Dollar (INR/USD) oscillator = (Current Price – 250 trading days Indian Rupee US Dollar (INR/USD) simple moving average price) / (250 days Indian Rupee US Dollar (INR/USD) price standard deviation)

Indian Rupee US Dollar (INR/USD) oversold conditions
Indian Rupee US Dollar (INR/USD) is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Indian Rupee US Dollar (INR/USD) is oversold it is often due for a rebound. Values of the Indian Rupee US Dollar (INR/USD) oscillator lower than -2.5 signify oversold conditions. It must be noted that the Indian Rupee US Dollar (INR/USD) oscillator must be analyzed ibn conjunction with the rest of Indian Rupee US Dollar (INR/USD) quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Indian Rupee US Dollar (INR/USD) RSI.
Indian Rupee US Dollar (INR/USD) overbought conditions
Indian Rupee US Dollar (INR/USD) is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Indian Rupee US Dollar (INR/USD) is overbought it is often due for a correction. Values of the Indian Rupee US Dollar (INR/USD) oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Indian Rupee US Dollar (INR/USD) quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Indian Rupee US Dollar (INR/USD) RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Indian Rupee US Dollar (INR/USD) is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Indian Rupee US Dollar (INR/USD) uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Indian Rupee US Dollar (INR/USD) returns

MacroVar calculates Indian Rupee US Dollar (INR/USD) returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Indian Rupee US Dollar (INR/USD) returns = (Indian Rupee US Dollar (INR/USD) Closing Price – Indian Rupee US Dollar (INR/USD) Previous Price)/(Indian Rupee US Dollar (INR/USD) Previous Price)
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