The Rupee opened strong by 6 paisa at 68.2975 against the US Dollar and throughout the day it hovered in the range of 68.2975 and 68.1450. However, high crude oil prices, steady outflow of foreign funds from the country’s equity and debt markets and domestic political uncertainties, have weakened the Indian rupee. The dollar rose against the other major currencies with the U.S. dollar index testing the 94 level. The market appeared to take in stride news that U.S. President Donald Trump decided to called off planned summit with North Korean Leader.
• United States 7-Year Note Auction declined to 2.93% from previous 2.952%.
• Singapore Industrial Production (MoM) came in at 0.2% below forecasts (1.2%) in April.
• Japan Tokyo Consumer Price Index (YoY) below expectations (0.5%) in May: Actual (0.4%).
USDINRUSDINR showed negative movements closed below its support level.
Now, 67.6000 is seen as immediate support level for it if sustain below it than more correction can be seen in it towards 67.3000.
EURINREURINR broke its strong support level on daily charts closed with negative note.
Sustaining below 79.5000 may result in more negative movements and find support around 79.0000. Contrary 80.0000 is act as resistance for it.
GBPINR GBPINR showed bearish movements sustain on lower levels closed with loss.
90.3000 is strong support for the currency pair if give breakout in upcoming session than it may find next support around 90.0000 level.
JPYINRJPYINR unable to sustain on higher levels showed correction closed around its support.
More correction can be seen in it towards its strong support zone of 61.7000 below which it comes in bearish zone. On higher level 62.3000 is resistance mark for it.
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