The rupee opened on a flat note at 64.42 against dollar on Monday following mixed global cues.
The dollar dipped to a five-month low against the yen early on Monday as rising tensions over North Korea kept the safe-haven Japanese currency in demand.
he yen remained broadly bid against other currencies as well. The euro and the pound slid to five-month troughs of 114.955 yen and 136.05 yen, respectively.
• Turkey 3mth quarterly jobless average increased to 13% in January from previous 12.7%.
• India WPI Inflation down to 5.7% in March from previous 6.55%.
• Indonesia Imports rose from previous 10.61% to 18.19% in March.
USDINR opened gap down and unable to sustain at lower levels and finally closed around day high.
On daily chart, it closed around its resistance level if able to maintain the positive movement than immediate resistance is seen at 64.8000.
EURINR opened with negative bias showed correction and able to closed in positive note.
Currency closed around resistance level of 68.8300 if sustain above this resistance than more positive movement expected towards 69.0000.
GBPINR showed correction and closed around its resistance level.
Opening above this resistance may take it towards 81.3500-81.7000 levels. On lower side 80.8500 is act as immediate support.
JPYINR opened with positive bias maintain it and closed around day high.
Now 59.8000 is act as immediate resistance level for it, sustain above this may show more bullish movement in particular currency.
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