The rupee was trading higher at 64.90 against the dollar in the noon session on bouts of dollar selling by exporters and banks. A weak dollar against other currencies overseas and a firm domestic equity market also bolstered the domestic currency.
The dollar slipped versus the yen on Thursday as a sudden fall in Japanese equities from multi-decade peaks dampened risk sentiment. The dollar fell 0.2 per cent to 113.64 yen, having pulled back from an intraday high of 114.07 yen.
• Germany Current Account n.s.a. above expectations (€25B) in September: Actual (€25.4B).
• South Africa Manufacturing Production Index (YoY) down to -1.6% in September from previous 1.5%.0
• Greece Industrial Production (YoY) dipped from previous 5.6% to 2.4% in September.
USDINR pair started the day with negative note but in second half it showed some bounce back and closed the session with flat note.Now, 65.2000 is major resistance if it manage above it then good upside movement can be seen. 64.9000 is support level.
EURINR pair has given recovery from its lower level and settled the session with good gain.It has immediate resistance of 75.9000 above this it can go towards next ressitance level, 75.4000 is act as a crucial support level.
GBPINR pair showed some positive movement but unable to sustain on higher level closed with negative bias.
For upcoming session if it breaks support of 85.1000 then correction can be expected. 85.7000 is important resistance level.
JPYINR pair showed good recovery after gap down opening and closed the day near to its resistance level.
57.5000 is psychological resistance level above this upside movement can be seen. 56.9000 is major support level for the currency pair.
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