{"id":105714,"date":"2020-10-09T08:53:00","date_gmt":"2020-10-09T07:53:00","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105714"},"modified":"2020-10-09T08:54:04","modified_gmt":"2020-10-09T07:54:04","slug":"104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\/","title":{"rendered":"USD\/INR Might Consolidate After Recent Slide: RBI Policy Today"},"content":{"rendered":"<ul>\n<li>INR traders await RBI policy.<\/li>\n<li>No surprises expected from RBI as inflation has been ticking up.<\/li>\n<li>India&#8217;s benchmark stock index, Nifty 50, above critical levels.<\/li>\n<\/ul>\n<p>Reserve Bank of India will announce its policy decisions today at 6:15 GMT. The policy release was expected on an earlier date but got postponed. Market participants aren&#8217;t expecting any surprises and expect the central bank to maintain its benchmark lending rates at the current levels as the inflation figures have been ticking upward recently.<\/p>\n<p>The announcement will also offer updated growth-estimates for the upcoming financial year.<\/p>\n<p>Let&#8217;s check out the technical aspects affecting the USD\/INR, which has been consolidating without any significant action in either direction after falling below the short-term rising support from late-August. The pair trading between 72.76 and 74.04 in recent days requires a breakdown below the lower limit of the range to test a move towards 72.14 \u2013 72.40 inflexion zone.<\/p>\n<p>The 50-day simple moving average is about to fall under the upper zone of consolidation, adding to the bearish pressure on the pair, if successful. A falling trendline from June will also aid the USD\/INR bears which had acted as a critical level in late August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INR traders await RBI policy. No surprises expected from RBI as inflation has been ticking up. India&#8217;s benchmark stock index, Nifty 50, above critical levels. Reserve Bank of India will announce its policy decisions today at 6:15 GMT. The policy release was expected on an earlier date but got postponed. Market participants aren&#8217;t expecting any [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":82966,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1946,1862],"class_list":{"0":"post-105714","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-rbi","10":"tag-usd-inr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR Might Consolidate After Recent Slide: RBI Policy Today - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/INR Might Consolidate After Recent Slide: RBI Policy Today\",\"datePublished\":\"2020-10-09T07:53:00+00:00\",\"dateModified\":\"2020-10-09T07:54:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\\\/\"},\"wordCount\":202,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/inr-indian-rupee-exchange-rates-gbp.jpg\",\"keywords\":[\"RBI\",\"usd\\\/inr\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-usd-inr-might-consolidate-after-recent-slide-rbi-policy-today\\\/\",\"name\":\"USD\\\/INR Might Consolidate After Recent Slide: RBI Policy Today - 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