USDINR closed 19 paise higher at 72.58 on tuesday - Geojit Financial
News Box
* USDINR closed 19 paise higher at 72.58 on tuesday
* FY21 govt spending push led to fiscal gap rising to 9.4%: RBI annual report
* US dollar index recovers above 90 with US budget and inflation in focus
* Goldman Sachs predict FOMCs tapering to begin from Q1 of 2022
* Feds Kaplan: US labour market tighter than it appears, may not be susceptible to monetary policy
* France gdp figures and inflation keep Euro in focus, PCE price index puts focus on US dollar too
OUTLOOK - USDINR
Rupee opened 2 paise higher at 72.75, from its previous close against the US dollar and it finally closed a net 19 paise higher at 72.58 yesterday. USDINR had gained as far as the intraday high of 72.53 and fell to an intraday low of 72.76. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.05% and closed at 90.00. Brent crude futures rose 0.81% to trade at $69.50/barrel. USDINR near futures are at 72.6250 with the next support seen at 72.5483 and next resistance seen at 72.7608 ahead of market opening today
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory