IGI Logo

News Box

* Rupee continued its rise on expectations that global liquidity glut will continue, following Federal Reserve’s dovish comments.

* Asian stocks opened lower as worries about China’s showing economic growth and regulatory changes weighed on investor sentiment.

* On Monday, the central bank stepped into stem the rising tide in rupee as dollars poured in ahead of MSCI rebalancing, as per Business Standard.

* Japan’s industrial output shrank in July, while China’s factory activity expanded at a slower pace in August.

OUTLOOK - USDINR

USDINR continued to fall yesterday, but pulled back yesterday towards close. This presents an opportunity to push higher to 73.4 or 73.58. However, inability to float above 73.34 could signal that weakness persists and we would be looking at 72.6 again in the near term.

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