The push to 74.4 evolved precisely on anticipated lines - Geojit Financial Services
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* Strong greenback overseas and muted domestic equities lead to the rupee tumbling by 32 paise.
* Inflation rates all time high since 1990; rising fear causes the US markets to slide.
* Gold prices reach new high fuelled by the huge jump in US inflation rate.
* US 10-year treasury yields rally in response to US inflation data marking the biggest one day rise since September.
* US inflation data and White House plan to cut energy costs force a negative momentum on oil prices.
OUTLOOK - USDINR
The push to 74.4 evolved precisely on anticipated lines. This leaves us with a fair window for extension in upmove to 74.59, but a pull back below 74.33 could deprive the trend of its momentum.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
