The Indian rupee gained in the early on Monday. It opened higher by 12 paise at 71.7500 per dollar versus Friday’s close 71.8700 per dollar, extending its gains for the third session on the back of a positive trend in equity markets and weakness in the greenback against its major crosses. Contrary, dollar slid to one- week lows against a currency basket on Monday, as traders awaited fresh indications on whether the U.S. and China are moving closer to a deal to end their trade war which has roiled financial markets and acted as a drag on global growth.
- Asian stocks flash mixed signals amid trade hopes, Hong Kong protests
- Malaysia: GDP loses momentum in Q3
- Bank Indonesia to keep rates on-hold after four successive rate cuts
- PBOC: China faces no conditions for continuous inflation, deflation
- US: Oct Retail Sales were solid, Industrial Production disappointed
USDINR after negative opening showed correction closed with partial gain. 72.0000 is act as immediate resistance zone for the currency pair sustaining below this mark it may continue negative movements towards 71.6000.
EURINR showed bullish movements throughout the session closed with gain. Now, psychological level of 80.0000 is seen as strong resistance for the currency pair if shows bullish movements then find resistance around it.
GBPINR opened with partial gain showed bullish movements closed with positive note. Sustaining above 93.0000 mark in upcoming session currency pair continue bullish movements towards 93.7000 and on lower levels 92.9000 is act as support.
JPYINR after negative opening showed sideways movements closed with loss. If able to sustain above 66.0000 mark currency pair continue bullish movements and find resistance around 66.5000. On downward side 65.7000 is strong support for it.
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