The rupee opened on a cautious note at 71.8750 against the United States (US) dollar in early trade on Thursday, tracking muted opening in domestic equities. Traders were also awaiting fresh cues on the potential US-China trade deal. Foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares worth Rs 566.52 crore on Wednesday, as per provisional data.
- Trump’s trade deal in trouble, Boris bounces back, EUR/USD awaits ECB Minutes
- Moody’s: German banking outlook changes to negative from stable as profitability weakens
- BOJ holds 43.5% of all outstanding Japanese government debt
- Trump expected to sign Hong Kong bill into law.
USDINR showed sideways to bearish movements closed with partial loss. If able to sustain on lower levels then immediate support for the currency pair is seen around 71.6000 below which it may drag towards 71.4000.
EURINR opened with partial gain showed sideways movements closed around its resistance. Sustaining above 79.7000 in upcoming session currency pair shows positive movements towards its resistance zone of 80.0000.
GBPINR opened with positive bias after correction found support closed with positive note. 93.0000 is seen as immediate resistance zone for the currency pair breakout above this mark it may shows bullish movements and find resistance near 93.3000.
JPYINR opened with partial loss showed sideways movements closed with loss. 66.0000 is seen as strong support zone for the currency pair sustaining above this mark it may continue bullish movements towards 66.5000.
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