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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* Fed Liquidity Boost Is Bad for the Dollar, Deutsche Bank’s Ruskin Says

* USDJPY moves back to the upside. Yields move higher and supports the pair

* SL rupees to appreciate once country enters into IMF agreement: President

CHART OF THE DAY

OUTLOOK

USDINR: The USDINR broke its important support in the last trading session; more downside may be seen in the upcoming days; however, 82.40 is an immediate resistance level, and on the downside, 81.80 acts as a support. If it moves above 82.40, it can lead some upside momentum towards 82.60, while if it slips below 81.80, it may head towards the 81.40-81.60 zone..

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