The trading ranges may ease, but USDINR expected to swing on either sides of 74.40 - Geojit Financial Services
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* Oil prices fell as a result of strong greenback and speculation on release of crude oil from the US Strategic Petroleum Reserve.
* Upward movement of Gold may hit correction as the dollar remains strong despite inflation hedging sentiment.
* The US Dollar continued its rally for the third consecutive week hitting fresh yearly highs.
* The 10-Year US Treasury yield inched higher on Friday mainly driven by the greater-than-expected inflation data.
OUTLOOK - USDINR
The trading ranges may ease, but USDINR expected to swing on either sides of 74.40. Breakouts may have to wait, but a direct rise above 74.55 could mark resumption in the upswings that have been in play since 9th .
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
