The Rupee opened at 66.4275 up by 7 paisa and moved between 66.4875 and 66.2875 in trading hours against the US dollar in opening trade at the interbank foreign exchange market today on some selling of the greenback by exporters and banks. The USD had strengthened against all major currencies overseasin globally trade. While, investors maintained focus on the US Treasury Market, where the 10-year yields near 3 per cent.
- Trade Balance non-EU of Italy increased to €3.83B in March from previous €1.99B.
- United Kingdom Public Sector Net Borrowing registered at £-0.262B, below expectations (£1.6B) in March.
- Business Confidence of Italy below forecasts (108.7) in April: Actual (107.7)
USDINR found resistance on higher levels showed correction and closed with partial loss. Strong resistance for the currency is seen around 66.8000 if sustain below it than more correction is expected in it towards 66.4000.
EURINR open with negative bias showed negative movements throughout the session. 81.4000 is support zone for it if trades below this level than it may drag towards next support level of 81.1000. On higher levels 81.8000 is resistance mark.
GBPINR trades with sideways to negative bias closed around its support. If currency pair is sustain below 93.0000 than more correction can be seen in it and may find support near 92.7000.
JPYINR showed negative movements and closed below its strong support level on daily charts. Immediate support mark for the currency pair is seen around 61.2000 below which it may shows more negative movements. 61.5000 is act as strong resistance.
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