IGI Logo

News Box

* USDINR closed 4 paise higher at 74.34 yesterday

* US dollar index is at a 9 month high as non safe haven currencies weaken due to impact of delta varient of Covid19

* German finance ministry expects strong Q3 growth with GDP expansion of 1.5% on April to June period

* Australia unemployment rate at 4.6% vs 4.9% previous vs 5% forecast

* Japan YoY core inflation rate at -0.2% vs -0.5% previous vs -0.3% forecast

* Retail sales data from UK and Canada in focus today

OUTLOOK - USDINR

Rupee opened flat at 74.30 from its previous close against the US dollar and it finally closed a net 4 paise lower at 74.34 yesterday. USDINR had gained as far as the intraday high of 74.20 and fell to an intraday low of 74.38. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.44% higher at 93.56. Brent crude futures fell 1.02% to trade at $66.91/barrel. USDINR near futures are at 74.3225 with the next support seen at 74.2708 and next resistance seen at 74.4033 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