Dollar edges lower, but remains elevated on global growth concerns - Swastika Investmart
CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar rises to six-month high after US data; weak yen prompts warning
* Japan won't rule out options to halt FX speculation, officials say
* Dollar edges lower, but remains elevated on global growth concerns
OUTLOOK:USDINR:
USDINR after given fresh breakout above 83.00 and given close around 83.19, however, 83.30 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 83.40-83.50 zone. On the downside, 83.00 is an immediate support zone, while is 82.90 the next support zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
