The rupee on Thursday closed with gain of around 11 paise up at 64.08 against US dollar as the market is waiting for data of unemployment rate.
Dollar held steady against the other major currencies on Thursday, as investors eyed a fresh batch of U.S. economic reports later in the day, after strong economic growth and employment data on Wednesday boosted demand for the greenback, even as tensions over North Korea simmered in the background.
• Spain Current Account Balance fell from previous €2.57B to €1.41B in June.
• Italy Unemployment above expectations (11.1%) in July: Actual (11.3%).
• Germany Unemployment Change came in at -5K, above expectations (-6K) in August.
USDINR showed continuous bearish movement for whole session and closed on lower note.
As currency is unable to sustain on higher levels and closed around its support shows more selling pressure in it if give closing below 64.0000 in upcoming session.
EURINR opened with negative bias and closed on lower levels around its support.
If sustain below 76.0000 than it may give more correction towards next support level i.e. around 75.5000.
GBPINR unable to sustain above its resistance and showed negative movements closed on lower levels.
Now for coming session more correction is expected towards its support level around 82.0000. On higher levels 83.1000 is act as major resistance for it.
JPYINR showed negative movements after gap down opening and closed around its support level.
If able to sustain below 58.0000 than more correction is expected towards support of 57.5000 and on higher level 58.2500 is act as immediate resistance.
(Click to submit your details) Just one step to get best trading tips and Recommendation.