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Published on 24/10/2019 5:31:22 PM | Source: Motilal Oswal Ltd

JPYINR traded in a relatively flat range before closing near 65.45 mark - Motilal Oswal

Posted in Currency Report| #Motilal Oswal #Currency Tips

USDINR

* USDINR traded in a narrow range between 70.90-71.05 before closing near day's low near 70.90.

*  Looking ahead it is now likely to trade in a lower range between 71.05- 70.70 with a lower bias.

 

JPYINR

* JPYINR traded in a relatively flat range before closing near 65.45 mark.

*  Looking ahead, the pair looks negative below 66.20 and current slide could extend till 64.60 level.

* Selli ng on rallies is advised.

 

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