Though upside bias continued yesterday on anticipated line - Geojit Financial
News Box
* Spike In yields add to concerns about lofty equity valuations.
*US 10 year note briefly climbed above1.5%, its highest level since June.
* A majority ofG10 currencies fell as the dollar pared early morning declines.
* Asian equities slip as Evergrande misses more interest payments.
* RBI to hold reverse repo and state’s govt bond auctions.
* Fin min officials may pitch for a sovereign rating upgrade in meeting with Moody’s.
OUTLOOK - USDINR
Though upside bias continued yesterday on anticipated lines, the vertical rise towards 74- 74.2 is yet to unfold. We will go in today continuing to expect upsides, but inability to float above 73.77 could dilute this bias, and resign the trend into a consolidation mode or give a slight negative bias.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Top News
ZF Steering Gear climbs after its JV acquires leasehold rights of Industrial land in Kolhapur
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory