IGI Logo

Daily Currency Market Updates

News in headline:

* Japan spent record $42.8 billion in October interventions to prop up yen

* U.S. dollar rises as Fed likely doing another big hike; sterling sinks

* Russian rouble stable after Moscow ditches Black Sea grain deal

Chart of the day:

USDINR: USDINR is respecting its important support of 82.45 however 83.15 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 83.25-83.40 zone. On the downside 82.65 is an immediate support zone while 82.45-82.35 is the next support zone.

Technical View:

* The mixed move can be seen in the currency.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer