IGI Logo

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.

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