Foreign investors appear to have started removing their money from Indian markets, as there is a massive outflows recorded since start of February 2018 in both equity, debt and hybrid market. This has affected Indian rupee against US benchmark dollar index, as the American unit today strengthened amid the outflows, which resulted in the domestic currency on negative note. Indian Rupee was trading at 64.935, higher by 0.010 points or 0.02%, against dollar.
- Chile Consumer Price Index (Inflation) (MoM) came in at 0%, below expectations (0.17%) in February.
- Greece Unemployment Rate (MoM) fell from previous 20.9% to 20.8% in December.
- Netherlands, The Consumer Price Index n.s.a (YoY) declined to 1.2% in February from previous 1.5%.
USDINR pair has given good recovery from its lower level and closed with gain. It has important resistance level of 65.3000 if it manages to hold above this mark then good break out can be seen where as 64.9000 is support level.
EURINR pair opened with gap down but recovered from its lower level and settled with flat note. For upcoming session if it manages to hold above its resistance level of 81.000 then more upside movement can be seen, on lower side it has 80.5000 is support level.
GBPINR pair continued its upward journey and closed with good gain. Now, 90.7000 is major resistance mark above this it can give upside breakout, on down ward side it has crucial support of 90.0000.
JPYINR pair has given bounce back from its support level and closed near to its days high. This pair has major resistance level of 61.7000 above this it can move towards next resistance level of 61.7000, on southern side 61.2000 is support level.
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