Euro vs Indian Rupee holds steady as India's Reserve Bank rupee support measures remain in focus

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Euro vs Indian Rupee drops 0.59% today

Highlights

RBI intervention and reduced crude oil import costs are supporting INR by improving trade balance and boosting demand.
Strong domestic investor inflows continue to underpin INR resilience against external pressures on the currency.
EUR/INR faces bearish technical signals with downside favored, likely ranging between ₹107.8785 and ₹108.9627 over the next sessions.

Rupee strength emerges as RBI acts and inflows rise

India's Reserve Bank has implemented measures to support the rupee, which directly impacts liquidity and can increase demand for INR, according to Equirus Securities. Lower crude oil prices have reduced India's import costs, favoring the trade balance and lending further support to the INR. Additionally, strong domestic investor inflows have contributed to INR resilience, all of which have accompanied the recent moves in the Euro vs Indian Rupee.

Bearish momentum and oversold signals dominate as volatility subsides

EUR/INR is trading below both the MA-20 and MA-50 levels, but remains above the MA-200, highlighting a support zone on the long-term trend. Immediate resistance is defined by the Ichimoku Kijun at ₹109.1334. Momentum signals are bearish, with both MACD and ADX indicating prevailing sell bias, while the RSI and CCI are in oversold territory and the Stoch RSI remains neutral. The BBP confirms intraday seller dominance and AO readings align with the ongoing downside, while overall oscillator signals point to limited divergence and low volatility near session lows.

Downside bias persists as upside breakout odds remain subdued

In the near term, EUR/INR is expected to trade within a typical volatility band between ₹107.8785 and ₹108.9627 over the next 2–3 sessions. The probability of an upward move is considered quite low, while a further decline is considered likely. A sustained sideways scenario is the baseline, but a move above ₹109.1334 would be needed to trigger bullish momentum, while a fall below ₹107.8785 would signal a deeper bearish extension.

Viktoras Karapetjanc, expert at Traders Union, sees ongoing support for the Indian rupee from strong domestic flows and lower import costs. He believes RBI's active measures and favorable macro conditions are reinforcing INR strength against the euro. Downside momentum in EUR/INR is clear, with technicals confirming limited rebound potential for now. Further declines remain likely while the pair holds below ₹109.1334. "With the Reserve Bank's interventions and resilient investor sentiment, I expect the rupee to maintain its constructive bias in the near term."

Earlier, analysts noted that the Euro vs Indian Rupee was experiencing sustained bearish momentum driven by persistent technical weakness and dominant selling pressure. The current analysis strengthens this view with additional macroeconomic factors favoring INR resilience, making a downside break below ₹107.8785 the critical risk to monitor in the near term.

Source of Data: EUR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.