The rupee on Friday opened 6 paise higher at 64.62 against dollar on account of selling of American currency by banks and exporters.
The Australian and New Zealand dollars nursed losses versus their U.S. counterpart on Friday following a commodities rout, but were on track for hefty weekly gains against a soggy pound. .
China’s yuan on Friday extended the previous day’s big gain, hitting its strongest level in more than three months, and the Chinese currency was on track for its best week since mid-January.
• Italy Consumer Confidence came in at 105.4, below expectations (107.3) in May.
• Turkey Economic confidence index increased to 100.5 in May from previous 99.5.
• Japan Corporate Service Price (YoY) registered at 0.7%, below expectations (0.9%) in March.
USDINR extended the bears so observed in the previous session and closed on negative note.
On lower side, 64.4000 may continue to act as key support for the currency pair whereas 65.0000 is marked as important resistance for it.
EURINR broke its support and closed with negative bias around its support.
On further slippage of the pair, it may find 72.0000 as its immediate support. On higher levels, 72.5000 may act as strict resistance.
GBPINR traded on weak note for the entire session and closed in red zone.
Closed below the trend line so coming from lower lows shows more selling pressure if break level of 82.6700. Some correction observe above the mark of 83.4000.
JPYINR closed above trendline acting as short term resistance.
Now, strength will be seen if the counter sustains above the level of 58.2000 whereas 57.8000 is seen as immediate support.
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