The rupee ended the session higher at 64.08 as the dollar slid broadly on Thursday, hampered by a recent dip in US 10-year bond yields.
The dollar’s index against a basket of six major currencies slipped to as low as 92.734, its weakest level in almost four weeks. The index has dropped more than 9 per cent this year, putting it on track for its biggest annual slide since 2003. which measures the greenback against a basket of six major currencies, slipped as much as half a percent on Thursday to its weakest since Dec.
• Brazil Inflation Index/IGP-M came in at 0.89% below forecasts (0.92%) in December.
• United Kingdom BBA Mortgage Approvals came in at 39.507K, below expectations (40.472K) in November.
• Austria Purchasing Manager Index climbed from previous 61.9 to 64.3 in December.
USDINR pair opened with positive bias but unable to hold higher level drags down and closed with negative note. It has crucial support level of 64.0000 if it sustain below this mark then more downside movement can be seen. On higher side 64.5000 is major resistance level.
EURINR pair started the day with bullish note but unable to breach its resistance level and closed with some gain.
This pair has major resistance level of 77.0000 if it manages to hold above this mark then it can go towards next resistance of 77.3000 whereas 76.3000 is support level
GBPINR pair opened with bullish note but in second half it came down and closed with flat note. Now, 86.7000 act as an important resistance above this more upside movement can be seen. On lower side it has 86.0000 as support level below this some correction is expected.
JPYINR pair unable to hold its upper level and came down closed the session with flat note. It has important resistance level of 57.2000 if it manages to hold this mark then more upside movement may be witness. On southern side 56.8000 act as crucial support zone.
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