USDINR closed 6 paise lower at 73.91 yesterday - Geojit Financial
News Box
* USDINR closed 6 paise lower at 73.91 yesterday
* FBIL set the reference rate for USDINR at 74.4042 and Euro at 89.783
* Economic data for US and Euozone and monetary policy of BoE in focus today
* BoJ policymakers agree to focus on lower rates as covid situation persists
* Fed's Rosengren: Need more time toweigh economic progress, too soon to talk tapering
* ECB chief economist Lane downplays prospects of durable inflation
OUTLOOK - USDINR
Rupee opened flat at 73.86, from its previous close against the US dollar and it finally closed a net 6paise lower at 73.91 yesterday. USDINR had gained as far as the intraday high of 73.78 and fell to an intraday low of 74.04. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.02% and closed at 91.26. Brent crude futures fell 1.05% to trade at $69.22/barrel. USDINR near futures are at 74.1950 with the next support seen at 74.1233 and next resistance seen at 74.3183 ahead of market opening today.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory