USDINR is firmly enroute our near term objective of 77 objective - Geojit Financial Services
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News Box
* Indian rupee fell as Dollar strengthened in expectation of Fed meeting outcome being hawkish.
* Oil futures took a dip as Omicron fears lead to further restrictions in various countries.
* Gold prices fell more than 1% as investors expect hawkish monetary policies from upcoming Central Bank meeting
* 10 Year US treasury yields were on a slight increase as investors look forward to the outcomes of the upcoming Fed meeting.
OUTLOOK - USDINR
USDINR is firmly enroute our near term objective of 77 objective. Having consolidated for a couple of days inside the 75.85-75.66 region, the stage is set for a directional upsides, ideally aiming for 76-76.2 region. The downside marker is hitherto pushed to 75.8
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
