<ul data-eligibleForWebStory="true"><li>The Indian rupee initially rose but sharply fell on Friday due to the Israel-Iran conflict, giving away all gains made during the week.</li><li>The dollar index downtrend remains intact, hovering around 98.18 and expected to stay below 99, potentially falling back to 96 with strong long-term support at that level.</li><li>The euro rose to 1.16, closing the week at 1.1549 with positive outlook expecting a breach of 1.16 and a rise to 1.18 or even 1.20.</li><li>The 10-year Treasury Yield has been trading between 4.3% and 4.52% with a mixed outlook and a trading range of 4.25-4.55%; a breakout will determine the next move.</li><li>The Indian rupee touched a high of 85.42 against the dollar but fell sharply to close the week at 86.09, with a negative bias and potential fall to 86.60 in the coming weeks.</li></ul>

Currency Outlook: Dollar downtrend continues

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