IGI Logo

News Box

* USDINR closed 25 paise higher at 73.51 yesterday

* India's forex reserve increased $3.913bn in last eek of April to end at $588.02bn

* Dollar falls to more than 2 month low after disappointing payrolls, employment news,with focus turning to inflation data this week

* Australia, March retail sales at 1.3% vs 1.4% estimate vs 1.4% previous

* Australian Fiscal authorities aiming to copy Janet Yellen to use spending to push for maximum employment

OUTLOOK - USDINR

Rupee opened 13 paise higher at 73.63, from its previous close against the US dollar and it finally closed a net 25 paise higher at 73.51 on friday. USDINR had gained as far as the intraday high of 73.50 and fell to an intraday low of 73.75. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.73% and closed at a 2 month low of 90.23. Brent crude futures fell 0.03% to trade at $68.75/barrel. USDINR near futures are at 73.6625 with the next support seen at 73.5525 and next resistance seen at 73.8650 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