USDINR is continuing its bearish momentum after one day of consolidation where 81.80 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar slides as rate cuts priced in; yen falls ahead of BOJ meeting
* Dollar edges higher, still on course for another monthly loss
* Green shoots emerging for dollar comeback as Fed unlikely to cave into rate cuts
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR is continuing its bearish momentum after one day of consolidation where 81.80 is intraday immediate target level. On the upside, 82.10 is an immediate resistance level, while below 81.80, further weakness will be seen in the upcoming sessions as it may head towards 81.60–81.50 levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
