Solend USD Price & Performance (SLNDUSD)

The Indian rupee opened 3 paise higher at 85.94 against the US dollar on March 24, marking its strongest level since January. This follows a week of gains driven by Reserve Bank of India interventions and global cues. An upcoming $10 billion USD/INR swap auction is expected to provide market liquidity.1

Greeks.Live reported $145.8 million in block trades for March 17-23, with Bitcoin and Ethereum leading activity. Notable transactions included a $30 million BTC/USD trade and a $25 million ETH/USD trade. Rising active addresses in Bitcoin and Ethereum suggest growing market engagement, reflecting strong institutional interest.2

Global freight rates continue to drop, with Asia-Europe rates falling to $2,684 per 40-foot container. Carriers are implementing blank sailings to stabilize prices. Meanwhile, geopolitical tensions, including U.S. strikes in Yemen, are adding uncertainty to global shipping patterns, complicating rate recovery efforts.3