IGI Logo

News Box

* USDINR closed 2 paise lower at 74.48 yesterday

* Fed 1yr ahead inflation expectation jump to new high of 4.8% in June vs 4% in May

* Australia Q3 GDP expectation fall to 0.6% vs 1% prior amid Covid surge: Goldman Sachs

* Australia business confidence index fall from 20 in May to a 6 month low 11 in June

* UK retail sales up by 13.4% in June amid Summer and Euro 2020

* India retail inflation eases to 6.26% in June, Industrial production grow by 29.3% in May

* BoE minutes and US inflation rate data in focus today

OUTLOOK - USDINR

Rupee opened flat at 74.76 from its previous close against the US dollar and it finally closed a net 2 paisa lower at 74.48 yesterday. USDINR had gained as far as the intraday high of 74.36 and fell to an intraday low of 74.63. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.13% higher at 92.22. Brent crude futures fell 0.5% to trade at $75.63/barrel. USDINR near futures are at 74.7475 with the next support seen at 74.5933 and next resistance seen at 74.8458 ahead of market opening today as USDINR takes support from 10 day exponential moving average.

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