01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Rupee opened flat at 74.61 from its previous close against the US dollar - Geojit Financial
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* USDINR closed 32 paise higher at 74.93 yesterday

* RBA minutes: Condition for rate hikes will not be met before 2024

* US 10yr tresury yield at 1.207%, its lowest since November 2020

* Recent lockdown in Australia could lead to slower growth but sharp rise in inflation: Fitch

* BoE member Mann says negative interest rates cant be ruled out completely

* US issue "do not travel" advisory for UK amid rise in Covid cases

 

OUTLOOK - USDINR

Rupee opened flat at 74.61 from its previous close against the US dollar and it finally closed a net 32 paisa lower at 74.93 on Friday. USDINR had gained as far as the intraday high of 74.61 and fell to an intraday low of 74.98. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.13% higher at 92.83. Brent crude futures fell 6.04% to trade at $68.98/barrel. USDINR near futures are at 75.0425 with the next support seen at 74.8467 and next resistance seen at 75.1667 ahead of market opening today.

 

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