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News Box

* Dollar mixed against G10 peers as commodity currencies advanced.

* US futures as well as Asian stocks push higher.

* Gold, Oil pare gains.

* US 10 year Treasury yield consolidate above 1.6.

* Foreign funds’ OI climb 1.8% to 3.434 trillion rupees. FIIs sold net 24.6b of India stocks yesterday.

OUTLOOK - USDINR

Despite the rise towards 75.15 on anticipated lines, the flat close thereafter hints at indecision and a disclination to push further higher. We had infact marked 75.15 yesterday as critical for further upside indications. Should 75.15 be broken, expect USDINR to step into the 75.25-75.48 region. Inability to float above 75.02 could see USDINR slipping again to the 74.8-74.7 vicinity, but a major collapse is less expected.

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