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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar gains after Fed loan survey, yen slips

* Dollar heads for monthly loss with Fed seen pausing rate hikes

* BOJ tweak stirs yen volatility; dollar stays down after US data

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR yesterday had a flat close around 82.32. On the upside, it has immediate resistance around 82.40–82.45. When it successfully closes above 82.45, we will see a fresh upside move. On the downside, 82.20 is the first support level, while below 82.20 it may head towards 82.10–82.00 levels

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