USDINR ended 2 paise lower at 72.86 yesterday - Geojit Financial Services Ltd
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News Box
* USDINR ended 2 paise lower at 72.86 yesterday
* FBIL set the reference rate for USDINR at 72.8458 and Euro at 88.327
* Pound in focus as Industial and manufacturing figures and Q4 gdp figures to be published
* India's Industrial and manufacturing production figures andinflation rate in focus today
* Kiwi dollar up as manufacturing PMI jumps 57.5
OUTLOOK - USDINR
Rupee opened higher at 72.81 against the previous close of 72.84 against the US dollar. It finally closed flat at 72.86 against the US dollar. USDINR had gained as far as the intraday high of 72.65 and fell to an intraday low of 72.87. The dollar index which compares the strength of the dollar against 6 major currencies increased marginally at 0.03% and closed at 90.41. Brent crude futures fell for the first time in over a week by 0.54% to trade at $61.14/barrel. USDINR near futures are at 72.9550 with the next support seen at 72.8042 and next resistance seen at 73.0442 ahead of market opening on friday.
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