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Key Highlights

* The USDINR futures yesterday since opening faced significant selling pressure and traded on a negative note the entire day. It shed around 0.54% or appx. 23 thousand contracts as Open Interest during the day. The levels of 82.60 played key resistance during yesterday's trade.

* PCR-OI for the June series inched higher to 0.83 vs 0.82 in the previous session.

* The Dollar Index traded on a negative note after it failed to sustain above the key hurdle of 104.50-105.60. It ended the day at 103.50. The levels of 103.30 will play key support onwards.

* Crude Oil prices found support at $72 during yesterday's trade. It ended the day at $74 higher by around 3%.

USDINR Outlook

USDINR pair is expected to trade with a negative bias.

Key Resistance around 82.55 mark (Spot)

Key Levels (June Fut)

Support: 82.30/82.20

Resistance: 82.60/82.70

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