USDINR ended 10 paise up at 72.65 on thursday - Geojit Financial
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* USDINR ended 10 paise up at 72.65 on thursday
* FBIL set the reference rate for USDINR at 72.7327 and Euro at 87.6148
* US 10 year treasury yield at 12 month high but semi annual monetary policy report says risk remains considerable for business failures.
* GBP could have good news with UK PM Boris Johnson set to announce unlock details amid pandemic
* Canada 10 year bond yields hit 51 week high
OUTLOOK - USDINR
Indian Currency market was closed on friday due to Chatrapati Shivaji Maharaj jayanti. Rupee opened flat at 72.76, from the previous close of 72.75 against the US dollar and finally closed high at 72.65, up 10 paise on thursday. USDINR had gained as far as the intraday high of 72.65 and fell to an intraday low of 72.78. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.25% and closed at 90.36. Brent crude futures was down by 1.4% to trade at $62.67/barrel. USDINR near futures are at 72.6300 with the next support seen at 72.5475 and next resistance seen at 72.7800 ahead of market opening today.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory