Powered by: Motilal Oswal
12/04/2021 9:09:20 AM | Source: Geojit Financial Services Ltd
USDINR closed 14 paise lower at 74.74 yesterday - Geojit Financial
News By Tags | #2767 #4943
USDINR closed 14 paise lower at 74.74 yesterday - Geojit Financial

News Box

* USDINR closed 14 paise lower at 74.74 yesterday

* FBIL set the reference rate for USDINR at 73.5047 and Euro at 86.099

* New loans data from Chinese Yuan could indicate Chinese stimulus efforts

* ECB member Panetta: ECB must accept no further delay in lifting inflation

* Federal chair Powell says US economy is at inflection point. To keep inflation in check below 2%

 

OUTLOOK - USDINR

Rupee opened 17 paise lower at 74.77, from its previous close against the US dollar and it finally closed a net 14 paise lower at 74.74 on friday. USDINR had gained as far as the intraday high of 74.53 and fell to an intraday low of 74.97. The dollar index which compares the strength of the dollar against 6 major currencies fell by 0.23% and closed at 92.18. Brent crude futures rose 0.81% to trade at $63.35/barrel. USDINR near futures are at 74.8150 with the next support seen at 74.6175 and next resistance seen at 75.0650 ahead of market opening today.

 

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

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here