Market Outlook

The rupee on Monday opened 6 paise down at 65.10 against the US dollar on account of buying of American currency by banks and importers.
The dollar touched a three-month high against the yen on Monday, with investors betting that an emphatic election victory for Japan’s ruling party would see a continuation of the ultra-loose “Abenomics” policy that have kept downward pressure on the yen.

Fundamental News

•    United Kingdom CBI Industrial Trends Survey – Orders (MoM) below expectations (9) in October: Actual (-2).
•    Hong Kong SAR Consumer Price Index down to 1.4% in September from previous 1.9%.
•    Greece Current Account (YoY) rose from previous €1.569B to €1.827B in August.

USDINR

USDINR pair unable to manage its higher level and came down, settled near to its days low.Now 65.0000 is crucial support level below this down side movement is expected. 65.2500 is major resistance level.

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EURINR

EURINR pair drag down from its upper level and settled the day with negative note. It has crucial support level of 76.2000 below this more selling can be seen. 76.7000 is act as a resistance level.

2

GBPINR

GBPINR pair was continuously trading under pressure and closed near to its support level.For upcoming session it has psychological support of 85.5000 if its price sustain below it the more correction can expected. 86.0000 is major resistance level.

3

JPYINR

JPYINR pair opened with gap down and witness selling pressure throughout the day, conclude the session in negative biasness.57.0000 is support zone below this it may drag down towards deeper support level. 57.5000 is resistance level.

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