IGI Logo

News Box

* USDINR closed 13 paise lower at 72.96 yesterday

* US inflation expectation recover from monthly low to 2.44%

* BoJ governor Kuroda says hat the unevenness of the worlds recovery from Covid trigerred recession could lead to increase in savings, economic inequality and indebtedness

* CAD holds at 6yr high, CNY at 14 week high, dollar index near 3 month low

OUTLOOK - USDINR

Rupee opened 5 paise lower at 72.88, from its previous close against the US dollar and it finally closed a net 13 paise lower at 72.96 yesterday. USDINR had gained as far as the intraday high of 72.86 and fell to an intraday low of 72.98. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.15% and closed at 89.87. Brent crude futures rose 1.9% to trade at $67.70/barrel. USDINR near futures are at 72.9725 with the next support seen at 72.8692 and next resistance seen at 73.0567 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