Rupee extended losses for the 3rd day - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
News Box
Rupee extended losses for the 3rd day.
US 10 year treasury yield slips below 1.6%, ahead of US CPI release.
US Dollar remained flat while oil’s rally paused.
India’s retail inflation declined to 4.35% in September, compared to 5.3% in August.
IMF trims world output growth expectation by 0.1% to 5.9%.
OUTLOOK - USDINR
After testing April’s peak, USDINR could slow down, having achieved both our objectives of 75.4 and 75.54. However, if such pull back does not stretch beyond 75.25 or 74.97, expect resumption in uptrend that would breach the lifetime peak of 77.
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
