IGI Logo

News Box

* USDINR closed 28 paise higher at 74.73 yesterday

* FBIL set the reference rate for USDINR at 74.8847 and Euro at 89.61

* Dollar gains vs major currencies with fed meeting coming up this week

* GBP gains against dollar and Euro ignoring news data

* BoJ 2nd quarter policy decision in focus today • US economic confidence positive for the first time in pandemic

OUTLOOK - USDINR

Rupee opened 20 paise higher at 74.81, from its previous close against the US dollar and it finally closed a net 28 paise higher at 74.73 yesterday. USDINR had gained as far as the intraday high of 74.67 and fell to an intraday low of 74.88. The dollar index which compares the strength of the dollar against 6 major currencies fell by 0.08% and closed at 90.78. Brent crude futures fell 1.86% to trade at $64.88/barrel. USDINR near futures are at 74.7875 with the next support seen at 74.6833 and next resistance seen at 74.9208 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