GBPINR yesterday witnessing a selling pressure from resistance of 101.70-101.65 levels - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* India cenbank sold net $3.86 billion in spot forex market in August – bulletin
* Dollar steady ahead of Fed Chair remarks, underpinned by higher US yields
* China ramps up yuan internationalisation under Belt and Road Initiative
OUTLOOK:
GBPINR: GBPINR yesterday witnessing a selling pressure from resistance of 101.70-101.65 levels, on the upside it has an immediate resistance of 101.17, on the downside below 100.73 it may head toward 100.53-100.40 levels. Traders are advised to stay with the momentum with the “Sell on rise” approach.
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