The Rupee opened at 65.4000 down by 11 paisa, made a fresh five month low at 65.5800 today and Rupee hovering in the range of 15 paisa between 65.5800 to 65.4350 during trading hours due to dollar on increased buying of the greenback by exporters. The USD index, which measures the US currency’s strength against major basket of currencies, was trading near 89.723, down 0.09% from its previous close of 89.80.
- Budget Balance of Turkey down to -20.2B in March from prev. -1.9B.
- WPI Inflation of India below forecasts (2.58%) in March: Actual (2.47%).
- Producer and Import Prices (MoM) of Switzerland came in at -0.2%, below expectations (0.4%) in March.
- Industrial Production (YoY) of Turkey fell from previous 12% to 9.9% in February.
USDINR after positive opening showed sideways movements and closed with gain. Currency pair is able to close above its major resistance level if maintain above this then more upside movements were expected in it towards 65.8000.
EURINR open with positive bias and continues its bullish movements closed above its resistance. Closing above its resistance zone suggesting more positive movements in it and may find resistance around 81.5000. On lower levels 80.7000 is act as support.
GBPINR showed positive movements throughout the session and closed on higher levels. Currency still looks bullish and continues its bullish movements may find resistance near 94.0000 marks. On downward side 93.5000 is immediate support.
JPYINR found strong resistance on higher levels after gap up opening closed with positive note. If able to open above 61.2000 then it may shows more bullish movements towards 61.5000 levels, whereas 61.0000 is support mark for it.
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