Market Outlook
Extending gains for third straight day, the Indian Rupee firmed up by 15 paise to open at 68.6475 against the US dollar on account of persistent selling of dollar by banks and exporters amid foreign capital inflows. However, against some currencies overseas, the dollar strength trimmed the rupee’s gains. Apart from this, Russia’s rouble tumbled on sanctions fears and the New Zealand dollar hit two year lows on a dovish sounding central bank statement. As growing fears over the prospect of Britain exiting the European Union without a trade deal in place, , the pound was struggling near one-year lows.

Fundamental News
• China Producer Price Index (YoY) above forecasts 4.4% in July: Actual 4.6%.
• Greece Industrial Production (YoY) rose from previous 1% to 1.2% in June.
• Portugal Global Trade Balance down to €-4.111B in June from previous €-3.601B.
USDINR showed positive movements after negative opening closed with partial gain.
Currency showed pullback from its support of 68.6000 if able to sustain above it then continue bullish movements towards 69.0000 level.

USDINR showed positive movements after negative opening closed with partial gain.
Currency showed pullback from its support of 68.6000 if able to sustain above it then continue bullish movements towards 69.0000 level.
EURINR showed sideways movements and closed with flat note.
If open above 80.0000 level in upcoming session then it may shows positive movements towards next resistance zone of 80.4000.
GBPINR found support on lower levels showed positive movements closed with gain.
Now, immediate resistance for particular currency pair is seen around 89.0000 level if sustain above it then shows positive rally and find resistance near 89.2000. JPYINR showed sideways to negative movements closed with partial loss.
Sustaining below psychological level of 62.0000 may shows more negative movements in currency pair and find support around 61.5000.

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