The Rupee opened 4 paise up at 64.56 against dollar on Monday on account of renewed selling of the American currency by banks and exporters.
The dollar climbed to a two-month high against the Japanese yen on Monday as robust jobs data propped up US Treasury yields, although investors were wary of adding big positions before Federal Reserve chief Janet Yellen’s testimony this week .Asian currencies were flat to higher on Monday, as the greenback gave up earlier gains that followed better than expected US jobs data.
• Greece Consumer Price Index – Harmonized (YoY) dipped from previous 1.5% to 0.9% in June.
• European Monetary Union Sentix Investor Confidence below expectations (28.4) in July: Actual (28.3).
• Germany Current Account n.s.a. above forecasts (€15.4B) in May: Actual (€17.3B).
USDINR extended the bears of last four successive sessions and closed on weak note.
The currency pair tested the key support of 64.6500 on daily chart and closed near it. If it sustains below, then it may further fall whereas 64.8000 is seen as immediate resistance.
EURINR was unable to sustain at higher side and washed off the gains so made in previous session.
On daily chart, 73.5000 is still marked as crucial support for the pair while moving towards the mark of 74.0000 may find 74.2000 as the next stiff resistance.
GBPINR opened on a weak note and continued the bears throughout the session.
Closing below the important support of 83.5000 is a weak sign for the currency pair and may dip towards the psychological mark of 83.0000.
JPYINR opened gap down and sustained on lower levels to close in red territory.
The pair is not able to recover from losses rather weakening since last few consecutive sessions. Now, 56.5000 may act as strong support while 57.0000 is immediate resistance.
(Click to submit your details) Just one step to get best trading tips and Recommendation.