Rupee at one month low, while yield on the 10year government bonds rose 2 points - Geojit Financial
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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
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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USDINR given fresh breakout above 83.00 and given close around 83.12 - Swastika Investmart
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