Indian rupee fell amid weak Asian markets while the US Dollar - Geojit Financial Services
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Indian rupee fell amid weak Asian markets while the US Dollar Index added mild gains from the previous week.
ice slipped as acro data remains strong and hawkish Fed decides to accelerate QE taper from January.
Crude oil futures swungUS m higher in expectation of a mild economic impact due to the omicron variant.
10 Year US treasury yields rose, from its lowest since September, owing to the mild expected impact of omicron variant on the economy.
OUTLOOK - USDINR
The anticipated rally set off yesterday after a strong break of 75.2. But the 75.8 objective may not be achieved in a hurry. Expect more consolidation, in a wider and volatile range of 75-75.47.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
