IGI Logo

News Box

• USDINR closed 12 paise lower at 72.55 yesterday

• FBIL set the reference rate for USDINR at 72.2928 and Euro at 86.2169

• Dollar at 4 month high helped by slow rise in tresury yields

• Covid spike and lockdown has led to Euro being at 4 month low despite strong PMI

• Economic data for Euro and USD in focus today

OUTLOOK - USDINR

Rupee opened 8 paise down at 72.51, from its previous close against the US dollar and it finally closed lower at 72.55 yesterday. USDINR had gained as far as the intraday high of 72.51 and fell to an intraday low of 72.69. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.13% and closed at 92.46. Brent crude future rose 3.08% to trade at $62.66/barrel. USDINR near futures are at 72.6800 with the next support seen at 72.5875 and next resistance seen at 72.7850 ahead of market opening today.

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