11-12-2021 09:39 AM | Source: Swastika Investmart Ltd
USDINR is consolidating in the range of 74.7-74.4 - Swastika Investmart
News By Tags | #2767 #2911

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News in headline:

Dollar hits 16-month high as inflation fears put it on track for best week since June

Dollar climbs after hot U.S. inflation; euro dips

U.S. Dollar Continues to Gain Following Wednesday's Inflation Data

 

Chart of the day:

USDINR: USDINR is consolidating in the range of 74.7-74.4 where move above 74.70 can lead to more upside towards 74.9-75.1 while if it slips below 74.4 level then it may head towards 74.2-74.10 zone.

 

Technical View:

The mixed move can be seen in currency.

 

 

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