The rupee advanced by 12 paise to 63.54 against the greenback in late morning deals on sustained bouts of dollar selling from banks and importers banks amid higher local equities and subdued dollar overseas.
The US dollar slumped against its major rivals in early Asian trade due to weak factory inflation data, while the euro strengthened after the European Central Bank hinted that it could trim its monetary stimulus programme.
- Spain Consumer Price Index (MoM) dipped from previous 0.5% to 0% in December.
- France Inflation ex-tobacco (MoM) came in at 0.3%, above expectations (0.1%) in December.
- China Exports (YoY) registered at 10.9% above expectations (9.1%) in December.
USDINR pair opened with negative bias but in later session it showed some recovery closed the day with loss.
It has crucial support level of 63.5000 if it sustain below this mark then more down side movement can see towards 63.3000. On higher side 64.0000 is resistance mark.
EURINR pair opened with bullish note and continued its upward journey, settled the session with good gain.
Now, 77.5000 is major resistance level above this mark it can move further towards next resistance of 77.8000 where as 76.8000 is support zone.
GBPINR pair recovered from its lower level and settled the session with positive note.
This pair has 87.0000 as major resistance level above this good breakout can be seen. On downward side 86.4000 is crucial support level.
JPYINR pair opened with gap up continues its positive rally and closed with gain.
It has immediate resistance of 57.5000 above this mark upside movement may witness. On downward side it has crucial support of 57.0000.
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