The USDINR has been moving a small range and largely dominated by option writers.
The weekly profile chart above is inside and within the value area of last week
We are seeing value drift lower from the 10th of FEB and only last week we have seen it go sideways.
This is perfectly in line with the equity market which is showing the opposite structure.
We will start picking up levels for the chart again this coming week and use this to measure the move in the equity markets as we move into election season.