IGI Logo

News Box

* USDINR closed 5 paise lower at 74.50 yesterday

* UK House of Lords economic affairs committee questions BoE QE policy and ask for plans to curb inflation

* US passes bill to ban all products from China's Xinjiang which produces 80% of China's cotton

* NZ CPI higher than expected, NZDUSD up nearly 50 pips

* US tresury secrtery Jannet Yellen expects rapid inflation to persist several months, appreciates Fed effort

* BoJ rate decision, economic data for EUR and USD in focus today

OUTLOOK - USDINR

Rupee opened flat at 74.45 from its previous close against the US dollar and it finally closed a net 5 paisa lower at 74.50 yesterday. USDINR had gained as far as the intraday high of 74.52 and fell to an intraday low of 74.40. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.21% higher at 92.56. Brent crude futures fell 1.83% to trade at $73.52/barrel. USDINR near futures are at 74.6475 with the next support seen at 74.5783 and next resistance seen at 74.6933 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