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USD/INR

The lack of driving forces and the falling US 10 year bond yields pushed the US Dollar lower. During the day we did see some speculative bidding in USDINR, which pushed it higher towards the 83.35 mark. On the daily chart we can see that the pair is placed around the 20 and the 50 day moving averages. The RSI plotted on the daily chart can be seen flattening around the reference line, indicating lack of momentum in the pair. In the sessions to come, the immediate support for the pair is placed near the 83.10-83.20. On the upside the immediate resistance is placed near 83.40-83.50.

EUR/INR

The soft Dollar pushed the sentiment driven currencies like the Euro higher. After a flattish open, the EURINR pair drifted higher towards the 89.20 zone. On the daily chart, EURINR can be seen consolidating between 89.25 and 88.90 since the past five sessions. The RSI plotted on the daily chart can be seen drifting higher, hinting towards possible bullish momentum in the pair. In the sessions to come, the immediate support is placed near the 88.80. The immediate resistance is placed near the 89.40-89.60 zone.

JPY/INR

The USDJPY moved above the 152.00 mark during the Indian trading session, putting a lot of pressure on the Yen. The JPYINR pair opened on a negative note and almost tested a low of 55.00 mark. On the daily chart we can see that the pair has been drifting lower, indicating presence of bearishness in the pair. The RSI plotted on the daily chart can be seen moving lower towards the oversold zone, indicating presence of bearish momentum in the pair. In the sessions to come we might see the pair find resistance near the 55.40-55.50 On the downside the 55.00-54.90 is expected to act as a support.

GBP/INR

The falling US 10 year bond yields and the Dollar index pushed the GBPUSD pair higher towards the 1.23 mark After a flattish open the pair attempted to move higher towards the 102.20. On the daily frame, we can see that the GBPINR is placed between the 20 and the 50 day moving average. The RSI plotted on the daily chart can be seen moving higher towards the overbought level. In the sessions to come we might see the immediate support come in near the 101.80- 101.70 On the upside the immediate resistance is placed near the 102.40-102.60 zone.

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