All eyes on Federal Reserve, which may be poised to wind down stimulus - Geojit Financial Services
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* All eyes on Federal Reserve, which may be poised to wind down stimulus.
* Gold holds gains with inflation, central bank decisions in focus.
* US Treasury yields and the dollar held steady as traders weighted corporate earning and economic data.
* RBI to hold reverse repo and T-bills auctions.
* India Oct goods trade deficit widens y/y to $19.9b; prelim data.
OUTLOOK - USDINR
The 75 region continues to be a sticky region. We see 75.15 – 74.66 as the near term break out region, with a slight bias towards upsides. Meanwhile, while a collapse is less anticipated, direct fall below 74.66 could bring in long liquidation pressures.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
