Indian rupee gained on Friday as the US Dollar was weakened by the Fed's avoidance of drastic measures - Geojit Financial
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* Indian rupee gained on Friday as the US Dollar was weakened by the Fed's avoidance of drastic measures.
* Crude oil futures erased previous gains in wake of supply-demand uncertainties due to rising omicron fears.
* 10 Year US treasury yields declined and touched December's lowest as investors remain cautious about the omicron variant.
* Gold price went up as investors assessed the hawkish stance of the Fed Reserve, the BoE , and the ECB.
OUTLOOK - USDINR
Pull back on Friday was restricted to 76 region, but the inability to breach 76.2 again, may signal that a downtrend is in play, aiming 75.6. It may require a direct rise above 76.2 or a dip to 75.6 to revive upside hopes.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
