Rupee bounced back on Friday after the weakening of US Dollar due to the release of US job data. - Geojit Financial
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News Box
• Rupee bounced back on Friday after the weakening of US Dollar due to the release of US job data.
• Oil slumped as investors compared supply concerns in the Middle- East with lower than expected US job growth.
• Gold prices rose but remains in mixed sentiments influenced by lower than expected job growth and faster rate hikes by the Fed.
• 10 Yr. US treasury yields continued its rally as US job data indicated a strong wage growth
OUTLOOK - USDINR
We continue to stick to our view aiming 73.82, but tendency to float above 74.4 would be seen with interest for potential for short covering aiming 74.73.
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