Caught something interesting in the USD INR news lately. The rupee got a solid boost after that US-India trade framework deal dropped last week - apparently the tariff situation could improve significantly, which sparked the strongest weekly rally for the Indian currency in over three years. Foreign investors are also jumping back in, so there's some real momentum building here.

On the flip side, the US dollar's been losing steam. The dollar index dipped for a second straight session and is hovering near 97.60. Everyone's waiting on that delayed jobs report to see what the Fed might do next. The consensus seems to be holding rates steady through March, with cuts potentially coming later. Some Fed officials are talking about how the labor market is gradually cooling down, though inflation concerns haven't totally disappeared.

Looking at the technical side of USD INR movements, the pair was trading around 90.60 and showing some bearish pressure. There's a descending channel pattern forming, and the RSI sitting at 47 suggests we're in neutral territory but leaning slightly bearish. The immediate support is around 90.48 if we break lower, could test 89.70. Upside resistance sits at 90.86, with the bigger level around 91.80. Interesting times for this pair with so many cross-currents at play.