The rupee slid further by 22 paise to hit a low of 63.82 against the greenback on continued bouts of dollar demand from importers and banks amid firm domestic equities. The dollar recouped some of its recent losses on Thursday after China’s regulator dismissed a report that the country could halt its buying of US Treasuries, boosting the greenback following its biggest one-day fall in a month.
• Portugal Consumer Price Index (MoM) rose from previous -0.3% to 0% in December.
• South Africa Manufacturing Production Index (YoY) above forecasts (0.45%) in November: Actual (1.7%).
• Greece Unemployment Rate (MoM) increased to 20.7% in October from previous 20.5%
USDINR pair opened with positive bias but unable to hold its higher level and came down, closed with flat note. For upcoming session if it manages to hold above 64.0000 then upside breakout can be seen where as 63.5000 is immediate support level.
EURINR pair drags down from its higher level and closed the session with weak note. It has crucial support level of 76.0000 if it sustain below this mark then more selling can be seen towards 75.7000. On higher side 76.5000 is resistance mark.
GBPINR pair has given down side movement and closed the day with negative bias. This pair has 85.9000 as a major support level below this down side break out can be seen where as 86.5000 is resistance mark.
JPYINR pair has given some profit booking from its higher level and closed the session with loss. It has major resistance level of 57.3000 if it manages to hold above this mark then more upside movement can be seen. On southern side 56.7000 is support level.
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