IGI Logo

News Box

* USDINR closed 27 paise higher at 72.83 yesterday

* During the week ended May 14, India's Forex reserve increased $563mn to $590.028bn near its all time high

* Japan set to extend Covid emergency in Tokyo and other major cities beyond May 31

* New Zealand retail sales figure strong ahead of RBNZ monetary policy meeting

* GBPUSD ends lower for second straight day amid looming fears of Brexit and easing of restrictions

* US economic data and comments from FOMC members in focus today

OUTLOOK - USDINR

Rupee opened 13 paise higher at 72.97, from its previous close against the US dollar and it finally closed a net 27 paise higher at 72.83 on friday. USDINR had gained as far as the intraday high of 72.83 and fell to an intraday low of 73.08. The dollar index which compares the strength of the dollar against 6 major currencies rose 0.31% and closed at 90.03. Brent crude futures fell 2.75% to trade at $66.90/barrel. USDINR near futures are at 72.8675 with the next support seen at 72.7508 and next resistance seen at 73.0708 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