03-09-2021 09:56 AM | Source: Geojit Financial Services Ltd
USDINR closed 23 paise lower at 73.25 yesterday - Geojit Financial
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* USDINR closed 23 paise lower at 73.25 yesterday

* FBIL set the reference rate for USDINR at 72.7572 and Euro at 86.9885

* Dollar at 3 month high as bond yields continue rise

* Eurozone gdp in focus today

* Japan Q4 gdp at 2.8% vs 5.3% previous

 

OUTLOOK - USDINR

Rupee opened 11 paise lower at 73.13, from its previous close against the US dollar and it finally closed at 73.25, down 23 paise yesterday. USDINR had gained as far as the intraday high of 72.93 and fell to an intraday low of 73.29. The dollar index which compares the strength of the dollar against 6 major currencies increased 0.27% and closed at 92.22. Brent crude future rose 0.23% to trade at $69.52/barrel. USDINR near futures are at 73.3900 with the next support seen at 73.1742 and next resistance seen at 73.5592 ahead of market opening today.

 

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