Rising for the third day consecutively, The Rupee appreciated by 5 paisa and opened at 67.5725 and throughout the day hovered in the range of 67.6275 and 67.1875 against the US dollar bolstered by continueous selling of the American currency by banks and exporters amid robust macroeconomic data. The dollar fluctuates around the 94 value while gaining slightly against major Asian currencies. Japan and China released their manufacturing data, and the U.S. reignited likelihood of a global trade war.
• Russia HSBC Manufacturing PMI down to 49.8 in May from previous 51.3.
• Japan Vehicle Sales (YoY) declined to -0.6% in May month from previous 0.5%.
• Australia RBA Commodity Index SDR (YoY) above expectations (1.2%) in May: Actual (3.6%).
USDINR open with negative bias showed bearish movements closed around its intraday support.
More correction is seen in currency pair if able to sustain below 67.2000 and may find next support around psychological level of 67.0000.
EURINR showed sideways movements after negative opening closed with loss.
Currency continues its bearish movements if sustain below resistance of 79.0000 and may drag towards its support zone of 78.4000.
GBPINR found support on lower levels showed correction closed with negative note.
If currency pair open above its immediate resistance level of 89.9000 than shows some positive movements towards 90.3000. On lower levels 89.4000 is support for it.
JPYINR showed negative movements throughout the session closed around its intraday support level.
61.4000 is the immediate support level for the currency, if break it in upcoming session than more negative movements can be seen in it.
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