IGI Logo

News Box

* Rupee at one month low, while yield on the 10year government bonds rose 2 points.

* prices hiked for the 4th day on Sunday

* US debt ceiling and default worries threatens to push US yields higher.

* Brent slips below 79

OUTLOOK - USDINR

We had gone in last week, with the expectations of 74.4- 74.54, but the strength of upmoves fizzled off after testing 73.37. Despite last two days’ slippage, we will maintain the upward bias, but will look for push above 74.26 for confirmation. Alternatively, inability to do so, or a slippage past 74.08 could call for 73.87

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