USDINR yesterday gave a gap up, opening above the resistance level of 82.35 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* RBI intervention to keep Indian rupee in a tight range, analysts say - Reuters poll
* Dollar shrugs off Fitch's U.S. downgrade, advances on strong jobs data
* Russian rouble tumbles to over 16-month low past 94 vs dollar
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR yesterday gave a gap up, opening above the resistance level of 82.35 and continuing its bullish momentum due to strength in the DOLLAR INDEX. Now, on the upside, it has an immediate target level of 82.78–82.85, and on the downside, 82.40 is the first and most important support level, while below 82.40 it may head towards 82.30–82.20 levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
