The Indian rupee continued to bleed and plunged to a record low of 72.8275 against the US dollar on account of rising crude oil prices, strengthening of dollar against other currencies overseas on upbeat jobs data and widening of current account deficit. Against major Asian peers, the US dollar inched lower as trade tensions continued with China, as US President Donald Trump threatened tariffs on a further $267 billion worth of Chinese imports, on top of earlier promises to levy duties on $200 billion worth of Chinese goods.
• Greece Consumer Price Index – Harmonized (YoY) climbed from previous 0.8% to 0.9% in August.
• United Kingdom Total Trade Balance registered at £-0.111B above expectations £-2.1B in July.
• European Monetary Union Sentix Investor Confidence below forecasts 14.6 in September: Actual 12.
USDINR showed correction after positive rally closed with gain.
Now, psychological level of 73.0000 is act as strong resistance zone for the currency pair if break in upcoming session then continue bullish movements.
EURINR showed positive movements throughout the session closed with positive bias.
Immediate resistance for the currency pair is seen around 84.2000 sustaining above which may give strength to it and find resistance near 84.5000.
GBPINR showed volatile trading session closed with positive note.
Currency pair found resistance around psychological level of 94.0000, if sustain above it then next resistance for it is seen around 94.5000.
JPYINR after positive movements showed correction closed with gain.
Closing around its strong resistance level shows strength in it if sustain above this level and may find next resistance near 65.9000.
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