IGI Logo

News Box

* USDINR closed 9 paise higher at 74.20 yesterday

* Dollar rises amid better than expected July PPI data

* Dollar to remain strong in short term, dovish on long term compared to other currencies: Wells Fargo

* UK Q2 GDP growth seen at 4.8 vs -1.6 previous vs 5.1 forecast

* India's YoY inflation rate seen at 5.59 vs 6.26 previous vs 5.9 forecast

* Economic data from Eurozone and Canada in focus today

OUTLOOK - USDINR

Rupee opened flat at 74.11 from its previous close against the US dollar and it finally closed a net 9 paise lower at 74.20 yesterday. USDINR had gained as far as the intraday high of 74.08 and fell to an intraday low of 74.24. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.11% higher at 93.00. Brent crude futures fell 0.68% to trade at $71.62/barrel. USDINR near futures are at 74.3625 with the next support seen at 74.3150 and next resistance seen at 74.4300 ahead of market opening today.

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