The USDINR futures yesterday, continued it`s consolidation near the higher end of the range near 83.40 - Religare Broking
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Key Highlights
* The USDINR futures yesterday, continued it's consolidation near the higher end of the range near 83.40. After opening near 83.43, it gradually inched closer to end the day at 83.41 lower by 0.02%.
* The Dollar Index yesterday continued to remain range bound throughout the day with a positive bias. It's immediate support continues to lie towards 103.50 while 104.50 continues to play the positional resistance. It ended the day at 104.08, higher by 0.10%.
* Crude oil prices again traded sideways with a positive note after taking support from the $75.30 levels during the day. It ended the day at $76.08, higher by 0.25%.
* India to release it's CPI numbers today evening with estimates higher at 5.7% against previous readings of 4.87%
USDINR Outlook
USDINR pair is expected to trade with a sideways bias. Key resistance around 83.45 mark (Spot)
Key Levels (Nov Fut)
Support: 83.10/83.00
Resistance: 83.45/83.50
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