The rupee on Monday opened 5 paise higher at 64.40 against the dollar on account of selling of American currency by banks and exporters. The local currency on Friday rebounded 12 paise to end at 64.45 against dollar.
The dollar probed four-week highs against the yen on Monday, underpinned by expectations of higher US interest rates, while bitcoin seized the spotlight as futures of the cryptocurrency began trading.
• Greece Industrial Production (YoY) fell from previous 2.4% to 0.5% in October.
• Italy Retail Sales n.s.a (YoY) dipped from previous 3.4% to -2.1% in October.
• Austria Trade Balance up to €-267.1M in September from previous €-719.9M.
USDINR pair open with negative bias broke its short term support and closed around it.Now, 64.3000 is act as a crucial support level below this more negative movements were expected. On higher levels 64.7000 is resistance for it.
EURINR opened gap up and sustain on higher levels closed with gain.If currency pair able to maintain positive strength than it may continue bullish movements towards resistance of 76.5000. Whereas 75.9000 is immediate support.
GBPINR opened gap down continue its southward rally and closed with negative bias. For upcoming session if it breaks its immediate support of 86.1500 than more negative movements were expected in it. Above 86.5000 it may show some correction.
JPYINR pair opened with negative bias unable to sustain on lower levels closed with flat note.If it able to maintain above psychological level of 57.0000 than it may show some positive rally towards resistance of 57.3000. On lower levels 56.8000 is act as support.
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