The Rupee on Monday opened 15 paise up at 63.89 against dollar on account of selling of American currency by banks and exporters.
The dollar slumped to a 4 month low against the yen early on Tuesday after North Korea fired a missile that passed over northern Japan.
The euro extended gains to a 2.5 year high against the dollar on Monday after the European Central Bank president held back from talking down the currency and as markets worried about the impact of Tropical Storm Harvey on the US economy.
• France Consumer Spending (MoM) came in at 0.7%, above forecasts (0.6%) in July.
• United Kingdom Nationwide Housing Prices s.a (MoM) registered at -0.1%, below expectations (0.1%) in August.
• Germany Gfk Consumer Confidence Survey above forecasts (10.8) in September: Actual (10.9).
USDINR opened gap down but recovered from lower levels to close on a flat to positive note.
If the currency pair sustains above the mark of 64.2000 then it may again gain strength whereas 63.9500 is still seen as major support for the pair.
EURINR surpassed the important resistance on daily chart and closed on strong note.
Closing above the mark of 77.0000 indicates strength in the counter whereas on lower side 76.6000 may act as important support from current levels.
GBPINR carried the bulls further for the third consecutive session and closed on a strong note.
On daily chart, it is expected to face stiff resistance around 83.4000 holding above which can continue bulls whereas 82.8000 is seen as immediate support.
JPYINR showed strong pull back from support levels and closed in green territory.
Sustaining above the mark of 59.0000 is a sign of strength which may further pull it to higher levels while 58.7000 is seen as key support for the counter.
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