Indian rupee showed a downtrend against USD on Thursday - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
News Box
* Strong greenback forces gold on a downtrend - anticipated to hit November low owing to increase in real yields.
* Crude oil futures faced a backlash fuelled by the response of OPEC+ to the decision of major economies to release their reserves.
* US Treasury yields closed slightly lower after a long run-up this week.
* Indian rupee showed a downtrend against USD on Thursday due to month-end dollar demand and foreign fund outflows from equity and debt markets.
OUTLOOK - USDINR
We are on the verge of an explosive move to 74.82 or even 75.2, if momentum allows. It would require a close below 74.40 for bears to gain strength.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
