11-10-2023 09:29 AM | Source: Swastika Investmart Ltd
JPYINR is consolidating in the tight range of 56.00-56.35 - Swastika Investmart

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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar index weakens amid stock market rally and dovish Fed stance

* Dollar slips on dovish Fed remarks, China hopes help euro

* Russian rouble pares losses vs dollar in volatile trade

CHART OF THE DAY


OUTLOOK:

JPYINR: JPYINR is consolidating in the tight range of 56.00-56.35, where a move above 56.35 can lead some upside towards 56.45-56.60, while if it slips below 56.00, it may head towards the 55.90-55.75 zone.


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