USDINR closed 11 paise higher at 72.51 yesterday - Geojit Financial
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News Box
• USDINR closed 11 paise higher at 72.51 yesterday
• FBIL set the reference rate for USDINR at 72.3772 and Euro at 86.0493
• USD expected to stay up backed by strong non-farm payrolls and employment data
• US president Biden to unveil multitrillion dollar infrastructure recovery plan on wednesday
• Australia's JobKeeper wage subsidy worth 5% of gdp ended on Sunday.Economy to be tested
• Chinese yuan at 4 month low. Yuan fixing and reference rate keenly watched by investors for policy changes.
OUTLOOK - USDINR
Rupee opened 11 paise up at 72.51, from its previous close against the US dollar and it finally closed at 72.51 itself yesterday. USDINR had gained as far as the intraday high of 72.37 and fell to an intraday low of 72.53. The dollar index which compares the strength of the dollar against 6 major currencies fell by 0.14% and closed at 92.71. Brent crude future rose 2.1% to trade at $63.25/barrel. USDINR near futures are at 72.4125 with the next support seen at 72.3283 and next resistance seen at 72.5683 ahead of market opening today.
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