The Indian Rupee opened 7 paise lower at 68.9150 and hovered in the range of 69.0400 and 68.8800 against the US dollar on account of sustained capital outflow and crude oil prices regaining $79/barrel mark on supply concerns. On the flip side, against basket of currency, the dollar edged higher but gains were trimmed after the US said it would place tariffs on an additional $200 billion worth of Chinese imports, escalating a trade spat between Washington and Beijing.
• Turkey Current Account Balance came in at $-5.885B, below expectations $-5.45B in May.
• South Korea Money Supply Growth up to 6.7% in May from previous 6.1%.
• Australia Investment Lending for Homes climbed from previous -0.9% to -0.1% in May.
USDINR showed sideways movements throughout the session closed with partial loss.
Currency pair again found resistance above its psychological level of 69.0000, if sustain below this level then more correction can be seen in it.
EURINR unable to sustain on higher levels showed correction closed with gain.
81.0000 is still act is immediate resistance for the currency pair if able to sustain above it then bullish movements can be seen towards 81.3000 mark.
GBPINR after correction unable to sustain on higher levels closed around its day low.
Sustaining above its support level may take it towards resistance zone of 91.5000 above which it is more bullish. On downward side 91.2000 is support for it.
JPYINR found resistance on higher levels closed with flat note.
Currency pair trades around its psychological level sustaining below which may take it towards support zone of 61.7000.
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