Against the US dollar, the Indian rupee appreciated by 14 paise to open at 69.4000 and throughout the day hovered in the range of 69.5775 and 69.3200, driven by sustained foreign fund inflows and higher opening in the domestic equity market. Moreover, the weakening of the US dollar against some currencies overseas supported the local unit, however rising crude oil prices capped the gains. On the economic front, the government will announce data on infrastructure output for February after market hours today, 29 March 2019.
- US Dollar gains slip, sterling volatile as May’s deal faces a third vote.
- Japanese Yen slips on Mixed Data Bag, Pricing Power Still Absent.
- Russia Is Dumping U.S. Dollars to Hoard Gold.
- Trade negotiators from China and the U.S. resumed talks to try to resolve their tariff dispute over China’s ambitions to dominate emerging technologies.
USDINR after negative opening showed sideways to bullish movements closed with partial loss.
69.3000 is act as strong support for the currency pair sustaining above this mark it may shows positive movements towards 69.8000.
EURINR found strong support on lower levels closed with negative note.
Now, sustaining below 78.0000 mark in upcoming session negative rally can be seen in particular currency pair and drag towards 77.8000.
GBPINR showed volatile movements found resistance on higher levels closed with loss.
If able to sustain below 91.0000 mark then continue bearish movements towards 90.5000. On higher levels 91.7000 is act as strong resistance for it.
JPYINR showed sideways to bearish movements throughout the session closed with negative bias.
On higher levels 63.0000 is act as strong resistance zone for the currency pair sustaining below this level it may drag towards support of 62.3000.
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