Market Outlook

The rupee held its ground and rose 4 paise to 65.10 against the dollar today after the US Fed minutes signalled “patience in removing policy accommodation”. The dollar hit a two-week low versus a basket of currencies on Thursday after minutes from the US Federal Reserve’s latest meeting suggested some central bankers are still concerned about persistently low inflation. Its lowest level since Sept. 26. It was last down 0.2 per cent at 92.854..

Fundamental News

•    Ireland Consumer Price Index (MoM) down to -0.6% in September from previous 0.4%.
•    Portugal Consumer Price Index (YoY) up to 1.4% in September from previous 1.1%.
•    European Monetary Union Industrial Production w.d.a. (YoY) above expectations (2.5%) in August: Actual (3.8%).

USDINR

USDINR pair opened with negative sentiment and followed its downward trend, closed the day near to its support level.If it is sustain below its crucial support level of 65.1000 then it may move further towards deeper support level. 65.3500 is important resistance mark.

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EURINR

EURINR pair drag down from its upper level and settled the day near to its day with some gain.For upcoming session if its price surpasses immediate support level of 77.30000 then correction can be seen. 77.6000 act as a major resistance level.

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GBPINR

GBPINR pair started the day with gap up opening but unable to hold its higher level and came down, conclude the day with negative sentiment.It has immediate support of 85.7000 below this mark more selling can be seen.86.0000 is major resistance level.

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JPYINR

JPYINR pair opened with weak sentiment but bounce back after testing its support level and closed near to its days high.Now 58.0000 marks is import support level below this it can pull down towards next support level. 58.3500 is resistance level.

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