Market Outlook

The rupee on Monday opened 17 paise up at 64.88 against dollar amid fresh selling of American currency from exporters and banks. The euro, one of the best performing currencies this year, has been hit in recent weeks as a dovish European Central Bank combined with unrest in Catalonia has prompted some investors to take profits. Elsewhere, the dollar was broadly flat against the yen to 113.58, after a three-month high of 114.45 yen on Friday.

Fundamental News

•    European Monetary Union Industrial Confidence came in at 7.9, above expectations (7.1) in October.
•    Greece Producer Price Index (YoY) rose from previous 4.1% to 4.8% in September.
•    United Kingdom Net Lending to Individuals (MoM) meets expectations (£5.5B) in September.


USDINR pair drags down from its higher level and close the day with negative note.It has crucial support level of 64.9000 below this selling can be seen. 65.3500 is major resistance level.



EURINR pair was hover under tight range with slightly up and settled the day near to its intraday high.76.0000 is psychological resistance level above this pull back can be seen. 75.6000 is major support level below this some correction is expected.



GBPINR pair opened with positive not and hold its high, closed the day with gain.Now, 86.0000 is immediate resistance level if its price hold above this resistance then upside movement can be expected. 85.4000 is crucial support level.



JPYINR pair showed recovery from its support level and settled the day with some gain.For upcoming session if it manages above 57.5000 resistance level then it can continue upside movement. 57.0000 is immediate support level.


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