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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE???????

* Fed Liquidity Boost Is Bad for the Dollar, Deutsche Bank’s Ruskin Says

* USDJPY moves back to the upside. Yields move higher and supports the pair

* SL rupees to appreciate once country enters into IMF agreement: President

CHART OF THE DAY

OUTLOOK???????

USDINR: USDINR has been consolidating in a narrow range in recent days, and the next move will be seen after the range breakout; however, 82.80 is an immediate resistance level, and on the downside, 88.30 acts as a support. If it moves above 82.80, it can lead some upside momentum towards 83.20, while if it slips below 82.30, it may head towards the 81.80-82.00 zone

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