The Rupee on Thursday opened 9 paise down at 63.93 against dollar on account of buying of American currency by banks and importers. The local currency on Wednesday settled 21 paise down at 63.84 against the American currency.
The New Zealand Dollar underperformed in Asian trade after RBNZ policymakers threatened to intervene in FX markets to weaken it. Governor Graeme Wheeler said the option to step in is “always open”, adding that the central bank has intervened in the past and is “always assessing” if doing so is appropriate again.
- United Kingdom NIESR GDP Estimate (3M) registered at 0.2%, below expectations (0.3%) in July.
- South Africa Manufacturing Production Index (YoY) came in at -2.3%, above expectations (-2.5%) in June.
- Portugal Consumer Price Index (YoY) remains unchanged at 0.9% in July.
USDINR found support at lower levels and strengthened in the later part of the session.
Now, on daily chart, 64.0000 is seen as strong support whereas 64.4000 is marked as stiff resistance for the counter to move ahead.
EURINR gained momentum against the previous session and closed in green territory.
On lower levels, 75.0000 is seen as strong support sustaining below which can drag the pair towards deeper supports whereas 75.6000 is seen as resistance ahead.
GBPINR carried the positive momentum of the previous session and closed on a strong note.
Sustaining below the strong support of 83.0000 can indicate a weak signal for the currency pair while 83.8000 is seen as immediate resistance for it.
JPYINR has been continuing the bull trend since last three successive sessions and closed on strong note.
The currency pair closed around the strong resistance of 58.5000 holding above which can further show up move while 58.2000-58.0000 may act as key support range.
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