IGI Logo

News Box

USDINR closed 12 paise lower at 74.22 yesterday

 India's forex reserve decline $2.10 bn to $619.365 bn last week

 Australia PM Morrison urges states to reopen once vaccination reaches 70% amid concern of increasing cases from states

 Services PMI shrinks to 15 month low for Japan as manufacturing PMI also decline

 Australia services PMI at 15 month low and manufacturing PMI at 14 month low

 PMI data from Eurozone, US and UK and other economic data from US and Eurozone in focus today

OUTLOOK - USDINR

Rupee opened flat at 74.34 from its previous close against the US dollar and it finally closed a net 12 paise higher at 74.22 yesterday. USDINR had gained as far as the intraday high of 74.20 and fell to an intraday low of 74.45. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.11% lower at 93.46. Brent crude futures fell 2.51% to trade at $65.22/barrel. USDINR near futures are at 74.4200 with the next support seen at 74.3717 and next resistance seen at 74.4992 ahead of market opening today

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