Market Outlook

The rupee recouped some of its losses and ended higher by 5 paise at 64.06 a dollar on bouts of greenback selling by exporters and banks. The dollar was little changed against other major currencies on Monday in holiday-thinned trading while the cost of swapping the yen for the dollar jumped as banks scrambled to raise dollars for the year-end period. U.S. Consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month.

Fundamental News

•    US: New orders for manufactured durable goods in Nov increased 1.3% to $241.4 billion.
•    United States New Home Sales Change (MoM) above forecasts (-4.7%) in November: Actual (17.5%).
•    Mexico Jobless Rate s.a above expectations (3.38%) in November: Actual (3.5%).


USDINR pair opened the session with gap down and unable to sustain below its support level, closed with negative note. It has immediate support of 63.9000 if its sustain below this mark then more selling can be seen  and tested next support of 63.7000.On higher side 64.2000 is major resistance mark.



EURINR pair started the day with gap down and moved under tight range, settled the day with loss. For upcoming session if it breaks its major resistance level of 76.2000 then it can go towards next resistance level of 76.4000 where as 75.7000 is immediate support.



GBPINR pair unable to managed its higher level and came down, closed near to its support level. Now, 85.5000 is immediate support level if it sustain below this  then more selling to be witness towards next support level of 85.3000. Where as 86.0000 is resistance mark.


JPYINR pair opened with gap up and showed sideways movement throughout the day, settled the session with gain.
This pair has immediate resistance of 56.6000 if it manages to hold above this mark then upside movement towards next resistance of 56.8000 can be seen. 56.4000 is support mark.


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