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CURRENCY OUTLOOK DAILY

CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Yen perched near 7-month high as BOJ looms

* Morgan Stanley cuts year-end dollar forecast

* Dollar finds its footing near seven-month low, all eyes on yen

CHART OF THE DAY:

OUTLOOK

GBPINR has consolidated in recent days due to lack of global cues . Where 96.20-96.40 will be the first support area while 99.00-98.80 are the next critical support levels. On the upside 100.0-100.20 levels have minor hurdle above this we can expect 100.40-100.60 levels.

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