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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar ticks higher versus yen, China fears drag on yuan

* Volatile rouble firms past 95 vs dollar amid capital controls speculation

* Dollar retreats ahead of Fed minutes; sterling gains despite CPI fall

OUTLOOK: USDINR:

USDINR is continuing its bullish momentum above 83.00 level, and there are no signals of weakness where 83.20–83.30 is an immediate target level. On the downside, 82.90 intraday and immediate support levels While below 82.90 leads to further weakness towards the 82.70–82.60 zone

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