The rupee was trading 6 paise up at 64.79 against dollar in the early trade on Tuesday on account of selling of American currency by exporters and banks. Fresh capital outflows and month-end dollar demand from importers, mainly oil refiners to meet their import requirements largely kept the rupee under immense pressure.
The dollar brushed off news that investigators had charged U.S. President Donald Trump’s former campaign manager on Tuesday, putting it on track for its best month since February.
• Italy Producer Price Index (YoY) increased to 1.8% in September from previous 1.5%.
• Austria Gross Domestic Product (QoQ) remains unchanged at 0.8% in 3Q.
• European Monetary Union Gross Domestic Product s.a. (YoY) above expectations (2.4%) in 3Q: Actual (2.5%).
USDINR pair drags down from its upper level and closed the day with negative biasness For upcoming session if it sustains below support level of 64.9000 then it may move towards deeper support level. 65.1000 is act as immediate resistance level.
EURINR pair continued its southward journey and settled the day near to its support level.It has crucial support level of 75.6000 below this more selling can be seen. 75.9000 is major resistance level.
GBPINR pair started the day with gap up opening and hover near to its upper level, closed with positive note .Now 86.1500 is resistance level above this pull back can be seen. 85.6000 is major support level.
JPYINR pair opened with good gain but unable to hold its higher level and closed the day with weakness.57.0000 is psychological support level below this correction might be seen, 57.6500 is important resistance level.
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