The rupee opened 10 paise down at 64.68 against dollar on Thursday on account of buying of American currency by banks and importers.
The dollar hit fresh 3 week lows against major currencies on Thursday.
The euro rose to its highest level in three weeks against the dollar on Thursday after a new opinion poll indicating that centrist candidate Emmanuel Macron will win the French presidential election. Facing parliament vote, UK’s May says early election will boost her in EU talks.
• Greece Current Account (YoY): €-0.937B (February) vs previous €-0.271B.
• Denmark Consumer Confidence climbed from previous 6.2 to 7.4 in April.
• Turkey Consumer Confidence up to 71.3 in April from previous 67.8.
• Hungary Gross Wages (YoY): 10.7% (February) vs 10%.
USDINR opened on a strong note but was unable to sustain at such levels and fell sharply during the session.
On moving down, it may find support around the range of 64.5000-64.3000 whereas 64.8000-65.0000 is still marked as strict resistance.
EURINR reversed from intraday highs although closed around above the previous close.
Now, it had formed the short reversal candlestick pattern indicating slight bearishness in the coming session towards 69.2000 whereas 69.7000 is seen as stiff resistance.
GBPINR was unable to extend the previous session’s bulls and slipped on lower levels.
If the currency pair reverses from current levels then on lower side, 82.4000 is seen as immediate support whereas 83.0000-83.2000 is seen as resistance range.
JPYINR moved on the same range as of previous session and closed on a negative note.
Now, any closing below 59.2000 can further weaken the pair resulting in bears while 59.5000 may act as immediate and stiff resistance.
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