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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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