IGI Logo

News Box

Moody’s Investor Service revises the outlook on India’s sovereign rating to ’stable’ from ‘negative’. The rating remains unchanged at the lowest investment grade of Baa3.

Global equities rise, but US treasury yields advanced and dollar held firm.

Concerns about China’s highly leveraged property sector cloud sentiments.

Oil extends rally. Brent above 82.

Bitcoin holds a climb past the $51,000 mark

OUTLOOK - USDINR

The rapid rise of the last few days calls for a consolidation. Favoured view expects today’s range to be contained within 74.67 and 74.37. Inability to float above 74.54 could see prices drifting lower, but a collapse is unlikely unless 74.17 gives away.

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