The rupee on Thursday opened 8 paise down at 65.09 against the US dollar on account of buying of American currency by banks and importers.
The dollar inched up against a basket of peers on Thursday after data shed more positive light on the US economy, although sagging Treasury yields tempered the greenback’s gains. The gains, however, were kept in check with Treasury yields having pulled back from three-month peaks.
- Australia: Retail sales contract 0.6% in August – Westpac.
- US: Growth acceleration intact in 2017 despite hurricane disruptions – HSBC.
- Fed Chair candidate Powell to speak on US Treasury Markets – ING.
USDINR pair opened with negative sentiment and followed its bear really and closed the day with flat note.
If the currency pair surpasses the immediate support of 65.0000 then it may further towards deeper support level, 65.4000 is resistance level.
EURINR pair has recovered from its support level in first half but not able to hold higher side and came down and closed near today’s low.
Now 76.7000 is crucial support level below this its price can pull down, 77.2000 has major resistance level.
the currency pair.
GBPINR pair continued its bearish trend and settled the day with negative biasness.
For upcoming session 86.6000 is major resistance level above this it can give good short covering. Surthern side 85.9000 is crucial support level.
JPYINR pair started the day with slightly bearish but not sustain at lower level baunce back and closed the day with good gain.
If this currency pair holds above 58.2000 marks then upside bounce back is expected and 57.9000 act as a crucial support .zone level. further strength.
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