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Alternatively, inability to float above 74.97 will dilute the upside bias, calling for 74.84 initially - Geojit Financial Services
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Asian stocks up, led by Nikkei’s rally.
US Treasury yields advanced beyond 1.6% on Friday, shaking off weak jobs report.
No cash treasuries trading today due to US holiday.
WTI crude was around the highest since 2014.
Goldman cut their forecasts for US growth this year, blaming a delayed recovery in consumer spending.
US FOMC minutes and CPI on Wednesday.
OUTLOOK - USDINR
The anticipated re test of 75 is likely to mature today, with 75.6 appearing as the next objective for the ongoing uptrend. Alternatively, inability to float above 74.97 will dilute the upside bias, calling for 74.84 initially.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
