The rupee future maturing on June 27 appreciated by 0.06% - ICICI Direct
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/5de43dca5fa876da5015488bbfaa7ef3.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Rupee Outlook and Strategy
• The US dollar index edged up by 0.31% on Thursday amid rise in US treasury yields. Further, dollar was supported after Federal Reserve Chair Jerome Powell suggested more US interest rate hikes may be needed to curb inflation. However, further upside was restricted as the number of Americans filing for unemployment benefits were at 264,000, unchanged from the prior week's upwardly revised level, which is the highest level of initial claims activity since October 2021.
• The rupee future maturing on June 27 appreciated by 0.06% on Thursday amid soft dollar and decline in crude oil prices
• The rupee is likely to depreciate today amid recovery in US dollar and weak global market sentiments. Additionally, investors will keep an close eye on manufacturing and services pmi data from major countries across the globe to gauge the economic health. US$INR is likely to take support near 81.85 levels and move north towards 82.05 levels
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
SEBI Registration number INZ000183631
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/501366a760ff1fe6d66b065d2db57b8e.jpg)
The EUR/INR futures pair has support at 86.90 levels - Monarch Networth Capital
![USDINR The chart pattern suggests that if USDINR breaks and sustains below 81.20 level - Axis Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/102c3100a0ebd2b5f97716698a7cadb0.jpg)
![EURINR is trading below 20 and 50 DMA Sell on rise is recommend near 84.70 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/bb5140514ccaf08ac7f7b4fad483e5bc.jpg)
![US dollar fell 0.20% yesterday amid a rise in risk appetite in the global markets - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/b00286524578ac756f1904b8bab1d042.jpg)