USD/INR New York Price Analysis: Greenback eyeing the May’s lows vs. Indian rupee

 

 

USD/INR is retreating further below the 76.00 figure as the spot is having a hard time to find a clear direction in May while the quote stays confined in the 75.00/76.00 range. However, a daily close below the 75.50 support can lead to intensifying selling with 75.00 as a potential target. On the other hand, strong resistance is seen near the 76.00 figure.