IGI Logo

News Box

* USDINR closed 7 paise higher at 74.66 yesterday

* FBIL set the reference rate for USDINR at 74.7296 and Euro at 90.1458

* China and India to keep emerging Asia's pandemic recovery to 7.3% growth: Asian Development Bank

* Australian Consumer Price Index at 0.6 vs 0.9 expected vs 0.9 previous

* FOMC expected to start hint of tapering in second half of year: Goldman Sachs pre-Fed report

* Dollar hopes to rebound from 8 week low with Fed policy statement and President Biden's speech

OUTLOOK - USDINR

Rupee opened 8 paise higher at 74.65, from its previous close against the US dollar and it finally closed a net 7 paise higher at 74.66 yesterday. USDINR had gained as far as the intraday high of 74.51 and fell to an intraday low of 74.73. The dollar index which compares the strength of the dollar against 6 major currencies fell by 0.20% and closed at 90.98. Brent crude futures rose 0.34% to trade at $65.87/barrel. USDINR near futures are at 74.6375 with the next support seen at 74.5117 and next resistance seen at 74.7917 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