Today's INR to PHP Price Update

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Summary

This report provides the real-time exchange rate between the Indian Rupee (INR) and the Philippine Peso (PHP), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Indian Rupee (INR) is a major fiat currency in Asia, while the Philippine Peso (PHP) is the official currency of the Philippines. The exchange rate between them reflects market sentiment regarding the relative economic strength of both nations and currency stability in the region.

Today’s Price

  • 1 INR = 0.653 PHP
  • 24h High: 0.65397 PHP
  • 24h Low: 0.65294 PHP

Market Analysis

Recent INR/PHP price movement shows moderate volatility within a narrow trading range. The technical indicators suggest caution in the near term.

  • Technical levels: The 14-day RSI for INR/PHP stands at 44.801, indicating a sell signal
  • Short-term forecast: The INR to PHP exchange rate is forecasted to decrease by -0.91% in the next month, potentially dropping to 0.6482 PHP
  • Trading opportunities: Monitor support levels around 0.6529 PHP and watch for potential downside moves toward the forecasted target of 0.6482 PHP

Conclusion

Continue to monitor the INR/PHP pair closely. The current technical setup and near-term forecast suggest a bearish bias, making it prudent for traders to exercise caution and await clearer market signals before establishing new positions.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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