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Gold price hit 6-week high following an increase in Crude oil prices and weakening of the US Dollar - Geojit Financial
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* Rupee rose 35 paise on Tuesday extending its gain for the 9th consecutive day reaching 1-month high owing to a weaker US Dollar and positive domestic equities.
* Gold price hit 6-week high following an increase in Crude oil prices and weakening of the US Dollar.
* Oil futures continued their rally for the fourth day as investors overlooked Omicron fears.
* 10 Yr. US treasury yields fell on Tuesday as investors assessed the Omicron threat
OUTLOOK - USDINR
The strong bearish bias indicated by the streak of lower highs and lower lows persisted yesterday as well breaching 74.82 that we have had on our radar for some time. Support is now found at 74.4, but a push beyond 74.75 might invite short covering towards 74.97.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
