Indian Rupee ended at 73.02 yesterday, down 6 paise against its previous close of 72.96 - Geojit Financial
News Box
* Indian Rupee ended at 73.02 yesterday, down 6 paise against its previous close of 72.96
* US Jan manufacturing PMI lower at 58.7 vs forcast of 60 •GBPUSD down ahead of Bank of England monetary policy decision and negative rate anticipation
* AUDUSD holds steady ahead of RBA February policy decision •Eurozone 4th quarter economic data expected today
OUTLOOK - USDINR
Rupee opened at 72.89, 7 paise higher from fridays close of 72.96 amid event risk from Union budget and RBI policy, but closed at 73.02, down a net 6 paise despite Indian equity markets making significant gains from Budget day trading. Intraday high was seen at 72.84 and intraday low at 73.15. The dollar index closed at 90.78 gaining 0.21%. Brent crude futures gained 0.84% to $55.50/barrel. USDINR near futures are at 73.3225 with the next support seen at 73.1317 and next resistance seen at 73.4392 levels ahead of market opening on tuesday.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory