Last few days consolidation looks to have prepared USDINR to have another go at pushing beyond 75 - Geojit Financial Services
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MPC rate decision today.
RBI may stay on hold, signal stimulus pull back
Asian stocks tracked a Wall street climb.
Key US Non Farm Payrolls data awaited today
China open today after holidays.
OUTLOOK - USDINR
Last few days’ consolidation looks to have prepared USDINR to have another go at pushing beyond 75. Inability to float above 74.82, however, could bring about volatility with a negative bias aiming 74.67.
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