The Rupee on Monday opened 8 paise up at 63.94 against dollar on account of selling of American currency by banks and exporters.
The yen edged higher against the dollar on Monday, as investors trimmed their exposure to riskier assets after North Korea conducted its most powerful nuclear test. Dollar fell to as low as 109.22 yen in early Asian trade. From there it gradually recovered to an intraday high near 109.92 yen, but later fell back. The dollar was down 0.7 per cent on the day at 109.50 yen.
• European Monetary Union Producer Price Index (MoM) below forecasts (0.1%) in July: Actual (0%).
• United Kingdom PMI Construction came in at 51.1 below forecasts (52) in August.
• Brazil Fipe’s IPC Inflation climbed from previous -0.01% to 0.1% in August.
USDINR opened on a lower note but gradually gained momentum and closed on a flat to positive note.
On daily chart, it resisted strongly around 64.3000 and it still holds as the key resistance for coming sessions while 64.0000 is seen as good support.
EURINR resisted in the same range as of previous session and closed on flat note with negative bias.
Now, any closing above 76.6500 can gain further momentum whereas 76.0000-75.9000 is marked as important support range.
GBPINR sustained above the previous session’s closing and ended in green territory.
The currency pair may witness 83.4000 as its key resistance whereas any closing below 83.0000 can result in some correction on lower side.
JPYINR broke the range and headed on higher levels to close in positive terrain.
Further moving northwards may find 58.8000-59.0000 as important resistance range whereas 58.3000 is seen as key support from current levels.
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