Today's IDR to INR Price Update

Summary

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

Definition

The Indonesian Rupiah (IDR) and Indian Rupee (INR) are major fiat currencies of Southeast Asia and South Asia respectively. The exchange rate between them reflects market sentiment toward both currencies and the economic conditions of their respective regions.

Today’s Price

• 1 IDR = 0.0054 INR
• 24h High: 0.005397 INR
• 24h Low: 0.0053786 INR

Market Analysis

The IDR/INR pair is currently trading in a neutral zone with the 14-day Relative Strength Index (RSI) at 47.084, indicating balanced market conditions without strong directional bias.

• Technical levels: Support and resistance identification remains key for day traders, with price movements driven by supply and demand dynamics
• Market outlook: The pair is forecasted to increase by 1.37% in the near term, with expectations to rise toward 0.005443 INR
• Trading opportunities: Monitor for potential entry points near support levels and watch for breakout opportunities as the pair approaches resistance zones

Conclusion

Continue to monitor the IDR/INR exchange rate closely, utilizing technical analysis tools such as support and resistance levels to identify optimal trading entries and exits. Traders should remain vigilant to market shifts and adjust strategies accordingly based on real-time price action.