The rupee strengthened to 64.56 as the dollar touched a two-month low versus the euro. The dollar index edged lower to 92.651, near two-month low of 92.675 touched on Friday.
US dollar was lower against its major rivals in early Asian trade, while the euro hit a two-month high and held firm against other major currencies, thanks to strong German business confidence and reduced anxiety about political instability in Europe’s biggest economy.
• Italy Consumer Confidence registered at 114.3, below expectations (116.4) in November.
• Switzerland Employment Level (QoQ) rose from previous 4.915M to 4.956M in 3Q.
• Japan Corporate Service Price (YoY) fell from previous 0.9% to 0.8% in September.
USDINR pair started the day with bullish note but unable to hold its higher level and continued it’s down side movement, settled the day with weak note.For upcoming session if it breaks 64.4000 then more selling can be seen. 64.9000 is immediate resistance level.
EURINR pair has given some correction after the gap up opening and settled the day with good gain. It has 76.8000 as a crucial support level below this downside movement can be seen. 77.3000 is resistance level.
GBPINR pair opened the session with positive biasness but in second half it was pull down from its upper level, closed the session near to its days low. Now 85.9000 is important support level below this correction can seen. 86.4000 is major resistance level.
JPYINR pair unable to hold its upper level and drag down closed the session with loss. It has crucial support zone of 57.9000 below this selling can be seen 58.2000 is good resistance mark.
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