The rupee on Tuesday opened 5 paise up at 64.09 against dollar on account of selling of American currency from bankers and exporters.
The dollar held steady against a basket of currencies on Tuesday, with traders focusing on the annual central banking conference in Jackson Hole this week for insights on the outlook for monetary policy. Dollar was flat on the day at 109.22 yen, after slipping to as low as 108.605 yen on Friday on concerns over President Donald Trump’s ability to push through tax reform and stimulus measures.
• United Kingdom CBI Industrial Trends Survey – Orders (MoM) above expectations (8) in August: Actual (13).
• Germany ZEW Survey – Economic Sentiment came in at 10 below forecasts (15) in August.
• European Monetary Union ZEW Survey – Economic Sentiment below forecasts (34.2) in August: Actual (29.3)..
USDINR moved in the same range as of previous session and closed on a flat note with negative bias.
On daily chart, mark of 64.0000 is still seen as important support level whereas 64.3000 may resist moving on higher levels.
EURINR opened on a strong note but could not sustain at higher levels.
It had been observed that the pair is continually facing resistance near 75.9000-76.0000 and hence, 75.2000 is immediate support for it.
GBPINR dragged towards deeper supports after opening on a flat note.
Now, on daily chart, 82.0000 is seen as the major support mark closing below which can further drag it on lower levels while 82.6500-82.9000 is seen as resistance range.
JPYINR did not give the positive breakout above the immediate resistance levels rather stayed down.
On daily chart, 59.0000 is still seen as crucial resistance for the currency pair and any closing below 58.5000 may further drag it on lower levels.
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