Rupee continued its rally and settled at 73.87 due to stronger domestic markets and weaker US Dollar - Geojit Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
News Box
* 10Yr. US treasury yields fall after Powell’s statement to fight inflation.
* Rupee continued its rally and settled at 73.87 due to stronger domestic markets and weaker US Dollar.
* Gold ticked up as US Dollar eased amid rising treasury yields. Market awaits the US inflation data due on Wednesday for further moves.
* Crude oil prices rebounded on Tuesday supported by tight supply and expectations that demand won’t be disrupted by rising Omicron cases.
OUTLOOK - USDINR
Having achieved our target of 73.82 easily, the stage is set for faster falls to 73.1. However, any pull back beyond 73.86/74.07 could allow short covering to take shape.
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
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
