Rupee opens at 72.1150 per dollar against Wednesday’s close of 72.1550 per US dollar, after US President Donald Trump’s speech in which he threatened to “substantially” increase tariffs if China failed to agree a trade deal.
India reported a dismal factory output data, which also hit trader’s confidence in rupee. It shrank to the lowest level in eight years as all three broad-based sectors of capital goods production, consumer durables and infrastructure.
- Asian stocks stay sluggish amid trade woes, Hong Kong protests.
- German Prelim GDP expands +0.1% in Q3 vs. -0.1% expected.
- Australia: Employment falls for the first time in more than three years.
- Hong Kong’s civil unrest and chaos enters a fourth day this Thursday.
- NZ: House prices up 0.9% in October.
USDINR after correction from higher levels found support closed around its resistance.
Sustaining above 72.0000 mark currency pair shows bullish movements and find resistance around 72.3000 above which 72.5000 is act as next resistance for it.
EURINR unable to sustain on higher levels closed around its support.
79.0000 is seen as immediate support for the currency pair if continue bearish movements then find support around it. On higher levels 79.5000 is act as resistance.
GBPINR unable to sustain on higher levels showed correction closed with loss.
On lower levels 92.2000 is act as strong support for the currency pair sustaining above this mark it may shows bullish rally towards 93.0000 mark.
JPYINR opened with positive bias after correction found support and closed with gain.
If continues bullish movements in upcoming session then 66.6000 is act as immediate resistance above which 66.8000 is next resistance for it.
(Click to submit your details) Just one step to get best trading tips and Recommendation.