The Rupee opened nearly 10 paise down at 66.81 against dollar on Thursday on account of buying of American currency by banks and importers amid a stronger-than-expected US private-sector jobs figures in February sealed expectations that the Federal Reserve will raise interest rates next week.
The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong US jobs data made a rate hike a near certainty, while oil nursed bruising losses as US stockpiles swelled past all expectations.
• Greece Unemployment Rate (MoM) climbed from previous 23% to 23.1% in December.
• Switzerland Unemployment Rate s.a (MoM) meets expectations (3.3%) in February.
• France Nonfarm Payrolls (QoQ) meets expectations (0.4%) in 1Q.
USDINR tried to carry the bulls of previous session but was unable to sustain on higher levels.
Selling pressure may continue till it sustains below the mark of 67.0000 and may find next support around 66.7500 while on higher side, 67.1000 will continue to act as resistance.
EURINR was able to find support at lower levels during the session but closed on a flat to negative note.
Now, 70.5000 is marked as key support for the currency pair surpassing which bears may increase whereas 71.0000 may continue to act as important resistance.
GBPINR again hovered near the same support range as of previous session and closed on a weak note.
Any closing below the major support of 81.3000 can further drag the currency pair down whereas 81.7000 is seen as nearest resistance for it.
JPYINR broke the important support zone on daily charts and closed below it.
Bears are expected to continue till it sustains below the support of 58.5000 while 58.7000-59.0000 is now seen as immediate resistance range.
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