USDINR closed 19 paise lower at 73.30 yesterday - Geojit Financial
News Box
* USDINR closed 19 paise lower at 73.30 yesterday
* FBIL set the reference rate for USDINR at 72.4046 and Euro at 85.3129
*China's, March Caixin services PMI at 54.3 vs 51.5 last vs 51.7 expected
* Global money market funds recieved $44.7bn this week which is a 14 week high
* RBA interest rate decision in focus today
OUTLOOK - USDINR
Rupee opened 33 paise down at 73.44, from its previous close against the US dollar and it finally closed a net 19 paise lower at 73.30 yesterday. USDINR had gained as far as the intraday high of 73.28 and fell to an intraday low of 73.46. The dollar index which compares the strength of the dollar against 6 major currencies fell by 0.71% and closed at 92.59. Brent crude future fell 2.96% to trade at $62.66/barrel. USDINR near futures are at 73.5500 with the next support seen at 73.4483 and next resistance seen at 73.6733 ahead of market opening today
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory