USD/INR Price Analysis: Greenback fades 76.00 figure vs. Indian rupee

 

 

USD/INR is rejecting the 76.00 figure once again as the quote is failing to find a clear direction in May while the market remains trapped in the 75.00/76.00 range. A close below the 75.50 level on a daily basis can attract further selling interest with 75.00 as a possible target. On the flip side, strong resistance is seen near the 76.00 figure.