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Published on 29/07/2021 9:34:43 AM | Source: Geojit Financial Services Ltd

Dollar down as Fed decide to leave rates unchanged, no rush for tapering - Geojit Financial

Posted in Currency Report| #Currency Tips #Geojit Financial Services Ltd

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News Box

* USDINR closed 13 paise lower at 74.32 yesterday

* Dollar down as Fed decide to leave rates unchanged, no rush for tapering

* US $1tn infrastructure bill get enough votes to advance in senate

* RBA expected to delay bond tapering: Bloomberg

* Fall in Covid infection cases in UK boosts GBP

* GDP data from US, economic data from UK and Eurozone in focus today

 

OUTLOOK - USDINR

Rupee opened flat at 74.45 from its previous close against the US dollar and it finally closed a net 13 paise higher at 74.32 yesterday. USDINR had gained as far as the intraday high of 74.23 and fell to an intraday low of 74.50. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.22% lower at 92.27. Brent crude futures rose 0.11% to trade at $74.74/barrel. USDINR near futures are at 74.4300 with the next support seen at 74.3950 and next resistance seen at 74.4900 ahead of market opening today.

 


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