Market Outlook
The Indian Rupee appreciated by 11 paise to open at 68.7500, extending its rising streak for second day on increased selling of the American currency by exporters and banks amid higher domestic bourses. Against Asian currencies, dollar edged higher after U.S. jobs report underlined expectations for the Federal Reserve to stick to a gradual pace of rate hikes this year.Moreover, the euro touched a four-and-a-half week low and pound slipped to two weeks low against the dollar due to unexpectedly weak data added to fears over the economic impact of rising trade tensions.

Fundamental News
• European Monetary Union Sentix Investor Confidence above expectations 13.5 in August: Actual 14.7.
• Germany Factory Orders n.s.a. (YoY) came in at -0.8% below forecasts 3.4% in June.
• Indonesia Gross Domestic Product (QoQ) came in at 4.21%, above expectations 4.08% in 2Q.

USDINR showed positive movements and closed above its resistance level.
Closing above 69.0000 level shows strength in particular currency and may continue bullish rally towards its next resistance level of 69.3000.
EURINR open with negative bias showed correction and closed around its day high.
Below 80.0000 currency pair looks weak and may continue negative movements towards its support zone of 79.4000. On higher levels 80.0000 is strong resistance for it. EURINR open with negative bias showed correction and closed around its day high.
Below 80.0000 currency pair looks weak and may continue negative movements towards its support zone of 79.4000. On higher levels 80.0000 is strong resistance for it. JPYINR showed positive movements throughout the session closed above its psychological level.
If able to sustain above 62.0000 level then it may continue bullish movements towards its next resistance level of 62.4000. Immediate support is seen around 61.9000.

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