The Rupee opened at 66.2400 and moved between 66.1575 and 66.4825 in trading hour’s against the dollar on account of sustained demand for the American currency from importers and dollar strength against other currencies overseas, bolstered by rising US bond yields, weighed on the domestic unit. The dollar extended early gains against basket of currencies rising to one-and-half month highs supported by a rise in U.S. bond yield while mixed euro zone private sector survey data failed to support the euro.
- Nikkei Manufacturing PMI (MoM) registered at 53.30 below expectations 53.40.
- French Flash Manufacturing PMI is same as Forecasts of 53.40 Actual 53.40.
- French Flash Services PMI rose from previous 56.9 to 57.4.
- Flash Services PMI was gained to 55.00 in March from previous 54.90.
USDINR showed positive movements after positive opening and closed with gain. Currency found resistance around its higher levels if sustain above it than more positive movements were seen towards next resistance level of 66.8000.
EURINR showed sideways movements and closed with partial gain. Form strong consolidation around its support level if give breakout below this than it may find next support around 81.0000.
GBPINR showed correction but unable to sustain on higher levels and closed with loss. Found strong resistance on higher levels drag down and trades around its support mark if sustain below it than negative movements were seen in it towards 92.3000.
JPYINR unable to sustain above its resistance level showed correction and closed with partial gain. Currency pair if sustain above its immediate resistance level than more positive movements were seen in it towards next resistance of 61.7000.
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