USDINR closed flat at 72.55 yesterday - Geojit Financial
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News Box
* USDINR closed flat at 72.55 yesterday
* FBIL set the reference rate for USDINR at 72.4811 and Euro at 86.4844
* Fed boost growth estimate. GDP forecast revised from 4.2% to 6.5%. Interest rates kept unchanged
* Decline in terms of trade and easy monetory policy led to decline in AUD: RBA Bulletin
* Bank of England's Monetory policy decision in focus today
OUTLOOK - USDINR
Rupee opened almost flat 1 paise lower at 72.56, from its previous close against the US dollar and it finally closed flat at 72.55 yesterday. USDINR had gained as far as the intraday high of 72.51 and fell to an intraday low of 72.62. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.03% and closed at 91.91. Brent crude future fell 0.82% to trade at $67.83/barrel. USDINR near futures are at 72.6650 with the next support seen at 72.5833 and next resistance seen at 72.7708 ahead of market opening today.
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