The rupee cracked over 60 paise to 64.64 against dollar on Monday account of buying of American currency by banks and importers. The currency opened 48 points down at 64.52 against the Amercian curreny. It settled 30 paise higher at 64.04.
The dollar dipped against a basket of major currencies on Monday, on caution ahead of a vote in U.S. Congress on tax reform, after the bill moved another step closer to ratification over the weekend.Against a basket of major currencies, Dollar edged down 0.2 percent to 93.800.
• European Monetary Union Consumer Price Index – Core (MoM) below expectations (0.2%)in November: Actual (-0.1%).
• Italy Global Trade Balance above expectations (€3.23B) in October: Actual (€4.953B).
• United Kingdom CBI Industrial Trends Survey – Orders (MoM) above forecasts (14) in December: Actual (17).
USDINR pair open with positive bias maintain its strength and closed the session with gain. It has important resistance level of 64.5000 above this it may take good upside movement towards next resistance of 64.7000. On downward side it may take support of 64.0000.
EURINR pair has given good short covering after steep fall and settled the day with partial gain.Now, 76.2000 is major resistance mark above this it can give upside breakout. 75.5000 is act as crucial support level below this some correction can be witness.
GBPINR pair unable to hold its upper level and came down, settled the day with weak note.This pair has immediate support level of 85.6000 below this it can move towards next support level of 85.2000. On northward side 86.0000 is an important resistance level.
JPYINR pair drags down from its higher level and closed the session with negative bias.It has important support level of 56.9000 if it sustains below this mark then more down side movement witness. On higher side 57.3000 act as resistance level.
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