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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar rises ahead of Jackson Hole gathering

* Brazil proposes yuan guarantees for exports to Argentina, finance minister says

* Dollar steadies ahead of Jackson Hole; sterling weak on recession fears

OUTLOOK:

JPYINR: JPYINR yesterday faced continues selling pressure from near term resistance levels around 57.20 levels and given a close around 56.82, now it is standing important support level around 56.80, On the upside, 57.20 acts as a major hurdle, while below 56.80 it may head towards the 56.60-56.40 zone.

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