Forex Market News

USDINR Traded Steady In The Rang

USDINR traded steady in the range with mixed factors maintaining the narrow trading range. Prices ended negative near 64.73 for the day. The dollar index declined overnight against major currencies on weak US data.
India GDP number came little disappointed at 6.1% against previous 7% which may lend support to the prices. We expect prices to trade sideways to down maintaining the current range with Support at 64.60/64.50, resistance 64.8/64.90.
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