The rupee opened flat at 71.1225 and throughout the day hovered in the range of 71.3700 and 71.0050 against the US dollar amid gains in domestic equities and weakening of the green-back in overseas markets. Moreover, fresh foreign fund-flows and easing crude oil prices bolstered the rupee up move. On flip side dollar edges lower against major Asian peers while the pound firmed up following a plunge overnight when the UK parliament overwhelmingly voted down Prime Minister Theresa May’s Brexit deal.
- United Kingdom Retail Price Index (MoM) below forecasts 0.5% in December: Actual 0.4%.
- Italy Industrial Sales n.s.a. (YoY) dipped from previous 2% to 0.6% in November.
- Japan Tertiary Industry Index (MoM): -0.3% (December) vs previous 1.9%.
USDINR after negative opening showed bullish movements and closed around its day high.
Now, 71.5000 is seen as immediate resistance zone for the currency pair if able to sustain above this then continue bullish rally.
EURINR after correction found resistance on higher levels closed with flat note.
Currency pair shows negative movements if able to sustain below its support zone and drag towards its psychological level of 81.0000.
GBPINR showed bullish movements throughout the session closed around its resistance.
92.0000 is act as strong resistance level for the currency pair if able to sustain above this mark it may continue positive rally towards 92.3000.
JPYINR showed sideways movements and closed with flat note.
If sustain below its immediate support of 65.5000 in upcoming session then drag towards its dipper support zone of 65.0000.
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