Despite the preference for pull back today, the broad trend still appears eager to stretch upsides in the near term - Geojit Financial Services
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Rupee slips to 5 month low on strong.
US ADP report came in better than expected. This data precedes the US Non Farm payrolls data on Friday.
US equities rebounded from early losses, while Treasuries were mixed as 10 year yields held around 1.53%
Oil prices ease, following an unexpected rise in US crude stocks.
OUTLOOK - USDINR
Having achieved the 75 mark that we have been discussing lately, expect a pull back to 74.65 as long as 74.84 holds upsides. Despite the preference for pull back today, the broad trend still appears eager to stretch upsides in the near term.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
