The Rupee opened nearly 4 paise higher at 65.48 against dollar on Friday on account of some selling of American currency by banks and exporters. Most Asian currencies were steady to slightly lower on Friday, ahead of a US vote on a healthcare bill.
The dollar edged up against the yen on Friday, recovering from its worst run of daily losses versus the safe-haven currency since 2010, but gains were capped by worries that US President Donald Trump was on course for defeat on a new healthcare bill.
• Dollar higher but upside limited ahead of U.S. healthcare vote
• France Gross Domestic Product (QoQ) meets expectations (0.4%) in 1Q
• NSD/USD drops to fresh weekly lows below 0.70 handle
• Germany Market Services PMI came in at 55.6, above forecasts (54.6) in March.
USDINR traded below the previous close and closed on a weak note.
If it surpasses the key support of 65.2500 then it may drag towards deeper support levels whereas 65.7500 will act as important resistance.
EURINR moved in sideways manner since last three sessions and closed on a flat note.
On daily chart, 71.0000 will continue to act as key resistance for the currency pair whereas 70.3500 is seen as important support.
GBPINR traded on lower levels since the start of the session and closed on a weak note.
Now, the near term support for the counter is 81.6000 and any closing below it further drag it lower towards next support. On higher side, 82.0000 is seen as stiff resistance.
JPYINR opened below the previous close and sustained at lower levels for the whole session.
On daily chart, 59.0000 has been acting as strict resistance for the pair to move ahead whereas 58.7000 is seen as immediate support.
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