The upside momentum went soft yesterday on anticipate lines - Geojit Financial Services
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US 10 year yields slip to 1.55
Oil flat. Dollar declines after FOMC minutes, which revealed that policy makers remained on track to start reducing asset purchases.
India’s debt likely to breach 90% of GDP this year, says IMF report
Another Chinese developer has warned of an imminent default.
OUTLOOK - USDINR
The upside momentum went soft yesterday on anticipate lines. We expect uptrend to resume and aim higher as long as dips do not extend much beyond 75.25-74.97. Direct fall below the same would aim for 74.84 first.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
