Market Outlook

The Rupee closed at 65.25 while Rupee opned at 65.26 and made low of 65.34 against Dollar ahead of the Federal Reserve’s interest rate decision and guidance. The rupee tent to 2% till date, as foreign investors have bought $1.52 billion in equity and sold $404.60 million in debt market in this year. The expection is to raise interest rates by US Federal Reserve on Wednesday with new chairman Jerome Powell giving his first press conference.

Fundamental News

  • IntegrationTest Retail Sales of United Kingdom (YoY) above forecasts (5.3%) in October: Actual (7.4%).
  • Producer Price INdex of Germany registered at 1.8% below forecasts.
  • Gross Domestic Product (GDP) of South Africa registered at -2.90% and forecasts is -2.10%.
  • Producer Price Index (PPI) Output YoY of united kindmom registered at 2.6% below forcasts.

5 6


USDINR showed sideways to bullish movements closed above its resistance. As currency pair sustain above its resistance level suggesting more bullish movements towards next resistance zone, whereas 65.0000 is major support.



EURINR unable to sustain on higher levels showed correction closed with gain. Closing above its resistance is still shows buying sentiments in this pair and may find resistance around 80.7000. On downward side 80.0000 is support for it.



GBPINR found resistance on higher levels closed with partial gain. If give breakout of immediate resistance level then bullish movements were seen in it towards psychological level of 92.0000. Lower side 91.0000 is support zone.



JPYINR unable to sustain around its resistance closed with negative note. More correction is expected in currency towards its support level of 61.0000 afterwards pull back may be seen in it and may find resistance near 61.7000.


Leave a Reply

Your email address will not be published. Required fields are marked *