IGI Logo

News Box

* Gold extended its dip to another day as Fed meeting minutes indicated a quicker hike in interest rates thus boosting the Dollar and Bond yields.

* Rupee retreated after Fed meeting signalling faster interest rate hike resulting in the strengthening of US Dollar.

* 10 Yr. US treasury yield moved up after the Fed minutes release.

* Crude oil prices continued its rally following supply outage in Libya and political unrest in Kazakhstan

OUTLOOK - USDINR

The 74.4 region remains sticky, diffusing upside momentum. Favoured view sees emerging chances of downtrend towards 73.82, if the positivity that we have been expecting, post the present consolidation, doesnot result in a push above 74.73.

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