The Indian Rupee appreciated by 8 paise and opened at 67.6475 against the US dollar following sustained selling of dollar from banks and exporters amid firm domestic equities.However, Traders await key macro events like consumer price index inflation and index of industrial production data which will be released tomorrow. The dollar slid against basket of currencies after Donald Trump left the G7 Summit early and later tweeted that the U.S. was backing out of the joint communique.
• United Kingdom Industrial Production (YoY) below forecasts (2.7%) in April: Actual (1.8%).
• Italy Industrial Output s.a. (MoM) below forecasts (-0.6%) in April: Actual (-1.2%).
• China Consumer Price Index (MoM) below expectations (-0.1%) in May: Actual (-0.2%).
USDINR showed sideways to bearish movements closed with negative bias.
67.4000 is act as immediate support level if able to break in upcoming session than continue negative movements and find support around 67.2000.
EURINR after positive opening showed sideways movements closed with gain.
If currency pair continues its bullish movements than psychological level of 80.0000 is act as resistance. On lower levels 79.5000 is support for it.
GBPINR showed negative movements throughout the session closed with negative note.
90.0000 is strong support for the currency if able to maintain above it than continue bullish movements towards 90.8000. Contrary, drag toward its support level of 89.8000.
JPYINR opened with negative bias closed with negative note around its support.
Currency pair continue its bearish rally if sustain below its immediate support mark of 61.3000 below which it is more bearish. 61.7000 is act as resistance for it.
(Click to submit your details) Just one step to get best trading tips and Recommendation.