Indian currency traded lower as a result of widening trade deficits - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
News Box
* Indian currency traded lower as a result of widening trade deficits, strengthening US Dollar and status quo maintenance by RBI.
* WTI and Brent oil futures both traded 0.7% lower on Thursday after several Governments reimposed restrictions to control the spread of Omicron variant.
* Gold price fell following the strengthening of US Dollar and drop in US Job data and waits further for the US Inflation Data.
OUTLOOK - USDINR
Having tested the Oct peak of 75.66 and having moved far from key moving averages, it would be prudent to look for declines to 75.45 before entering longs. Intraday swing level is seen at 75.58
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
