Indian Rupee Under Pressure as RBI Tightens Liquidity

Indian Rupee Under Pressure

BNY’s Geoff Yu notes that India’s bonds sold off after the Reserve Bank of India (RBI) unexpectedly advanced closure of its special Dollar deposit window to end-August. The change reduces anticipated Indian Rupee (INR) liquidity, lifts 5-year and 10-year yields, and may slow reserve accumulation and Rupee appreciation as authorities grow wary of future liabilities and forward-premium costs.

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Silver Price Forecast: XAG/USD Holds Near $62 After Strong Two-Day Rally

Silver Price Forecast

Silver Price Forecast: Silver (XAG/USD) trades at $62, showing a corrective reaction, as the last two days’ rally was looking overextended. The 4-hour Relative Strength Index (14) is pulling back from overbought levels but remains in bullish territory, and the Moving Average Convergence Divergence (MACD) indicator is above zero, all in all showing that buyers retain control.

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