The Rupee opened today by 6 paise weakness to 67.0500 against dollar in early trade as negative opening by the domestic stock market and other international markets.
In comparison with other international currencies dollar showed weakness as Poll’s on Tuesday indicates an uncertain results of U.S. presidential election. U.S. dollar index was down to 0.24% to 97.52 lowest since October 2013. Now, investors were waiting for the latest policy decision of Federal Reserve’s on Wednesday.
• Yen and Swiss Franc surge, Dollar weakened as Trump rattles markets.
• Election uncertainty weighs extend Dollar weakness.
• In Asia further fall in Australian Dollar and Yen gain as Fed and U.S. polls eyed.
• Dollar fall as U.S. presidential tighten race.
USDINR opened gap up and unable sustained on higher levels closed in red.
On daily chart, 100 day EMA is seen as crucial resistance unable to sustain above it and closed near to its support of 66.9000 below which more selling pressure is expected.
EURINR broke its important resistance and showed strong pull back closed on higher levels.
Now, immediate resistance is seen around 75.0000 levels sustaining above which may show more strengths in it.
GBPINR opened on flat note showed strength in last trading hours and closed on higher levels.
Now, 82.5000 is seen as important resistance if able to open above it then it may find next resistance around 83.5000. Support is around 81.9000
JPYINR open with positive bias and able to sustain on higher levels closed near day high.
On daily chart closed above its important resistance now, more strength is seen in it if able to sustain above psychological level of 65.0000.
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