USDINR achieved the 74.54 objective that has been on discussion in the lats few days - Geojit Financial Services
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Oil reached the highest since 2014 following OPEC+’s decision to maintain a gradual supply hike.
Bloomberg Commodity Spot Index soared to an all time peak.
RBI monetary policy decision on Friday.
India PMI for September to be released today.
Dollar fell against G10 peers.
OUTLOOK - USDINR
USDINR achieved the 74.54 objective that has been on discussion in the lats few days, and could aim for 75 with the ongoing momentum. Alternatively slippage past 74.37 could negate the upside bias, but a collapse is less expected.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
