The rupee on Thursday opened 16 paise down at 64.16 against dollar on account of buying of American currency by banks and importers.
The dollar consolidated gains on Thursday, a day after posting its biggest single-day rise in six weeks as markets looked forward to US inflation data that will determine the near term trading outlook for the struggling greenback. With short bets against the dollar stuck near record highs despite this week’s rally, any upside inflation surprise might trigger a broad-based pull-back in positioning.
- Greece Unemployment Rate (QoQ) down to 21.1% in 2Q from previous 23.3%.
- Italy Consumer Price Index (EU Norm) (MoM) meets expectations (0.1%) in August.
- India WPI Inflation registered at 3.24% above expectations (3%) in August.
USDINR open with positive bias unable to sustain on higher levels closed around its intraday support.Immediate support for the currency pair is seen near to 64.1000 below which it will again drag towards 63.9000. On higher level 64.3000 is resistance for it
EURINR open with negative bias found strong support on lower levels.If able to sustain above 76.0000 marks than pull back is expected in upcoming session up to its resistance level of 77.0000.
GBPINR showed strength in last hour of trading after no change in official bank rate.Now, 85.6000 is act as immediate resistance if sustain above it than bulls may active and take it towards resistance level of 86.0000.
JPYINR continued its bear rally and closed around its strong support.Psychological level of 58.0000 is act as strong support for the currency pair if break this support than more selling pressure expected up to 57.7000.
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