USDINR has reverted to 74.97 on anticipated lines - Geojit Financial Services
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Asian shares jittery ahead of China GDP. Q3 seen growing 5.2% - Reuters poll
Bitcoin hovers not far off all time high.
US interest rate traders have upgraded to almost 50-50 the odds that the Federal Reserve will raise interest rates by 25 bps in June.
The current spike in inflation is unlikely to last, ECB President Christine Lagarde said.
Oil advanced as a shortage of natural gas and coal from Asia to Europe is creating additional demand for oil products for energy creation.
OUTLOOK - USDINR
USDINR has reverted to 74.97 on anticipated lines. Expect a minor pull back, but expect such up moves to face selling pressure again, as long as 75.27 holds, setting up a downside objective of 74.84/77
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
