The initial range today is likely to be 74.15-74.33 - Geojit Financial Services
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* Gold sustains gains as traders rush to hedge inflation.
* Bonds market in US were closed for Thursday. 10 year treasury yields saw the biggest jumps in 30 years on Wednesday.
* OPEC+ lowers demand forecast for end of 2021 resulting in crude prices being unable to sustain positive sentiment
* Heavy selling pressure and strong greenback overseas force rupee to fall by 18 paise against USD.
OUTLOOK - USDINR
The extension in upmove to 74.59 evolved on anticipated lines followed by a pull back to 74.33 and beyond hinting at decline in upside momentum. The initial range today is likely to be 74.15-74.33.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
