IGI Logo

News Box

* USDINR closed 33 paise higher at 72.46 yesterday

* FBIL set the reference rate for USDINR at 72.6845 and Euro at 86.8812

* RBA says, rise in commodity prices are unlikely to affect inflation

* Bidens stimulus package to raise growth prospects, tackle economic mismatches at high fiscal cost

* US tresury yields spike to new high of 1.64% as UK tresury yields also hit 52 week high

* India trade deficit lower at 12.62 billion USD than preliminary forcast of 12.9 billion USD

OUTLOOK - USDINR

Rupee opened 8 paise higher at 72.71, from its previous close against the US dollar and it finally closed flat at 72.46, up 33 paise yesterday. USDINR had gained as far as the intraday high of 72.40 and fell to an intraday low of 72.75. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.12% and closed at 91.78. Brent crude future fell 0.01% to trade at $69.21/barrel. USDINR near futures are at 72.6200 with the next support seen at 72.4483 and next resistance seen at 72.8558 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