The Rupee opened at 67.3025 appreciated by 14 paisa, made a high of 67.2200 and made a fresh low of 67.4950 in early trade. Rupee hovering in the range of 14 paisa between 67.2200 and 67.4950 during trading hours against the dollar on steady dollar demand from banks and importers.
On the global front, the dollar slid lower against a currency basket, as investors took a breather as interest rate differentials continued to drive strength in the US currency.
• Hong Kong SAR Gross Domestic Product (YoY) increased to 4.7% in 1Q from previous 3.4%.
• Denmark Inflation (HICP) (YoY) climbed from previous 0.4% to 0.7% in April.
• Singapore Retail Sales (YoY) down to -1.5% in March from previous 8.6%.
USDINR open with negative bias showed correction closed with loss.
Form consolidation around its intraday resistance if able to sustain above this level than more bullish movements were seen in it towards 67.8000.
EURINR showed bullish movements throughout the session closed with gain.
Found resistance around its daily chart level if open above it than continue bullish rally towards 81.0000. On lower levels 80.2000 is support for it.
GBPINR found support on lower levels showed correction closed with positive bias.
Immediate resistance for the currency pair is seen around 91.8000, if continue positive movements than next resistance is at 92.0000. Downward side 91.3000 is support level.
JPYINR showed continuous bullish movements closed above its resistance level.
If able to sustain on higher levels than psychological level of 62.0000 is act as resistance for it. Contrary 61.5000 is support mark below which it may shows bearish movements.
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