IGI Logo

News Box

* Indian Rupee ended flat at 72.96 yesterday, unchanged from its previous close

* FBIL set the reference rate for USDINR at 72.9396 and Euro at 87.8168

* GBPUSD up after BoE says that negative interest rates are not coming in near future

* USD rise on rising treasury yields. 10yr treasury notes up 0.9%

* RBAs Lowe praises strong economic revival but inflation and wage growth will be in slump for a while

OUTLOOK - USDINR

Rupee opened strong at 72.92, 4 paise up from wednesday's close of 72.96 and closed flat at 72.96, to remain unchanged in effect from yesterday's close. Rupee had gained as far as the intraday high of 72.90 and intraday low was seen at 72.96. The dollar index which compares the strength of the dollar against 6 major currencies gained 0.28% and closed at 91.42. Brent crude futures rose a further 0.55% to close at $58.78/barrel. USDINR near futures are at 73.1500 with the next support seen at 73.0600 and next resistance seen at 73.2025 ahead of market opening on friday

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