Economic data from UK, Eurozone and US in focus today - Geojit Financial Services Ltd
News Box
* USDINR closed 8 paise lower at 74.12 on Friday
* RBA minutes: Outbreak of Covid delta variant has interrupted recovery, putting downward pressure on currency
* US president Joe Biden says US will not step into Afghanistan and that terrorist threat has now grown well past to other countries
* Japan Q2 gdp growth seen at 0.3% vs -0.9% previous vs 0.4% forecast
* Economic data from UK, Eurozone and US in focus today
OUTLOOK - USDINR
Rupee opened flat at 74.20 from its previous close against the US dollar and it finally closed a net 8 paise higher at 74.12 on Friday. USDINR had gained as far as the intraday high of 74.02 and fell to an intraday low of 74.22. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.51% lower at 92.52. Brent crude futures fell 0.88% to trade at $70.05/barrel. USDINR near futures are at 74.3700 with the next support seen at 74.3292 and next resistance seen at 74.4142 ahead of market opening today.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
