India's central bank to use $5 billion dollar-rupee swap for boosting liquidity
The Reserve Bank of India (RBI) recently revealed a relatively unconventional tool to inject liquidity into the Indian economy.
The central bank of India would buy $5 billion from the nation's banks, and pay them in Indian rupees. As part of the USD-rupee buy-sell swap auction, the banks will buy the dollars back from the RBI after three years. Through this foreign-exchange swap, the RBI apparently hopes to boost the economy, as the additional funds supplied in local currency would allow banks to have more cash at their disposal to lend and/or invest with.
The move is expected to also curb the Indian rupee’s appreciation. A strong rupee is a potential headwind to India’s exports.
RBI has scheduled the dollar-rupee buy-sell swap auction to take place on March 26.
Aroon Indicator for INDA shows an upward move is likely
INDA's Aroon Indicator triggered a bullish signal on May 21, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 353 similar instances where the Aroon Indicator showed a similar pattern. In of the 353 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 12, 2025. You may want to consider a long position or call options on INDA as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INDA advanced for three days, in of 372 cases, the price rose further within the following month. The odds of a continued upward trend are .
INDA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day RSI Indicator for INDA moved out of overbought territory on May 06, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Moving Average Convergence Divergence Histogram (MACD) for INDA turned negative on May 21, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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