The Rupee opened at 65.0425 up by 5 paisa and continuously week today it made low of 65.3800 and hovering near its imoprtant resistance. If Rupee breaks 65.4550 levels and sustains over there, may seen some more weakness in it. The RBI on Wednesday fixed the rupee reference rate at 80.5884 for the euro and 65.1272 against the US dollar. The corresponding rates were 64.9386 for dollar and 79.9047 for euro, as on yeterday.
- Consumer Price Index (MoM) of Portugal: 1.9% (March) vs -0.7%.
- United Kingdom Total Trade Balance came in at £-0.965B, above forecasts (£-2.6B) in February.
- Retail Sales s.a. (MoM) of Italy came in at 0.4%, above forecasts (0.3%) in February.
- Current Account Balance OF Turkey above expectations ($-4.2B) in February: Actual ($-4.152B).
USDINR open with partial gain and continue bullish movements closed in green. Sustain above its immediate resistance level suggesting more positive rally in currency towards next resistance level of 65.7000. On lower levels 65.1500 is support mark.
EURINR showed bullish movements throughout the session and closed around its day high. Broke its psychological level of 81.0000 if maintain above this mark then it may continue bullish rally. On downward side 80.7000 is support level.
GBPINR open with positive bias showed sideways movements in second half closed with gain. Found resistance around 93.0000 level if break in upcoming session then it will consitnue positive movements. Contrary may show correction towards 92.3000 levels.
JPYINR showed positive rally and strength seen in last trading hour closed with positive note. If continue this strength in upcoming session then next resistance is seen around 61.5000, whereas on lower side 60.9000 is immediate support for it.
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