The Indian rupee appreciated by 4 paise to open at 68.8200 and throughout the day hovered in the range of 69.1500 and 68.5575 against the US dollar, driven by sustained foreign fund inflows and a higher opening of domestic equities. On the flip side, the dollar dropped against major Asian peers, giving up some of its overnight gains and on track for a second consecutive weekly dip thanks to renewed downward pressure on government bond yields.
- Japan Manufacturing output falls at the fastest pace in almost three years amid sluggish demand.
- Eurozone flash manufacturing PMI plunges to 47.6 in March, 71-month lows.
- German flash manufacturing PMI hits 6-year lows of 44.7 in March, EUR drops sharply.
USDINR opened with negative bias showed correction closed around its resistance.69.3000 is seen as a resistance zone if shows positive movements then find resistance around it. On lower levels, 68.7000 is acted as support for it.
EURINR showed volatile session found resistance on higher levels closed around its support. Now, sustaining below 78.0000 marks in upcoming session it may continue bearish movements and find support around 77.5000.
GBPINR after negative opening found support and closed around its day high. On higher levels 91.0000 is seen as an immediate resistance level for it sustaining above this mark it may find next resistance near 91.3000.
JPYINR showed bullish movements throughout the session closed with again. Currency pair continue its bullish movements is able to sustain above resistance mark of 62.8000. On downward side 62.3000 is seen as support.
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