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Published on 2/08/2021 9:25:32 AM | Source: Geojit Financial Services Ltd

USDINR closed 14 paise higher at 74.29 on Friday - Geojit Financial

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

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News Box

* USDINR closed 14 paise higher at 74.29 on Friday

* India's Foreign exchange reserve fell by $1.581bn from its record high last week to $611.149bn

* $1 trillion bipartisan infrastructure bill on senate floor, approval imminent

* US expected to have 6.1% GDP growth in q3: Federal Reserve Bank, Atlanta

* Australia manufaturing PMI at 56.9 vs 58.6 previous vs 56.8 forecast

*Japan manufacturing PMI at 53.0 vs 52.4 previous vs 52.2 forecast

* Economic data from US, Japan, Eurozone and India in focus today

 

 

OUTLOOK - USDINR

Rupee opened flat at 74.15 from its previous close against the US dollar and it finally closed a net 14 paise lower at 74.29 on Friday. USDINR had gained as far as the intraday high of 74.15 and fell to an intraday low of 74.35. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.23% higher at 92.09. Brent crude futures rose 0.33% to trade at $76.00/barrel. USDINR near futures are at 74.5950 with the next support seen at 74.4533 and next resistance seen at 74.6958 ahead of market opening today.

 

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