Market Outlook
The Rupee opened at 67.1925 depreciated by 13 paisa, made a high of 66.9500 and made a fresh low of 67.3500 in early trade. Rupee hovering in the range of 14 paisa between 67.2150 to 67.3500 during trading hours against the dollar on increased selling of the greenback by exporters and banks. The Rupee was dragged down by a broad strengthening of the US dollar and a rise in global crude prices. Higher Indian equity markets helped provide some support to the rupee at lower levels and also the Sensex was up around 250 points in afternoon trade today.

Fundamental News
• Monetary Union Sentix Investor Confidence of Europe registered at 19.2, below expectations (21.1) in May.
• Consumer Price Index (MoM) of Switzerland below forecasts (0.3%) in April: Actual (0.2%).
• Wholesale Prices n.s.a (YoY) of Austria rose from previous 2.4% to 2.9% in April.


USDINR unable to sustain on lower levels showed positive movements closed with gain.
Currency pair broke its resistance level sustain above it suggesting more bullish rally in it towards 67.5000 level. On lower levels 67.0000 is immediate support.


EURINR found strong resistance on higher levels drags down closed with loss.
80.2000 is seen as support mark for the currency if able to sustain below it more negative movements were seen towards next support of 80.0000.


GBPINR open with partial gain showed sideways movements closed near to its intraday support.
Sustain above its psychological level, if continue to trades above it than more positive movements were expected towards 91.5000.


JPYINR showed sideways to positive movements and closed around its resistance.
Immediate resistance for the currency is seen around 61.8000 above which it may continue positive rally. On downward side 61.5000 is act as support for it.

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