Indian rupee remained almost flat against US dollar yesterday - Geojit Financial Services
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* Indian rupee remained almost flat against US dollar yesterday.
* 10 Year US treasury yields rose to two week high, on worries of high inflation staying for longer.
* Crude oil futures rose after falling for the last few days on rising supply and decreasing demand prospects.
* Gold price continues its rally in response to high inflation and Fed tapering.
OUTLOOK - USDINR
USDINR swung on either sides of 74.40, in brief spurts, on anticipated lines. We may have to wait for push beyond 74.55-30 for the next sizeable move, with a bias slightly tilted towards upsides, especially as long as above 74.39.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
