Home ForexUpdate on USD/INR – 16-Dec-2014
Update on USD/INR – 16-Dec-2014

Update on USD/INR – 16-Dec-2014

Update on USD/INR - 17-Dec-2014
Update on USD/INR and EUR/INR (Dec) - 15.Dec.2014

Hi all,
We are seeing a very Bullish US Dollar that opened higher against Indian Rupee at 63.6125
The Daylow as of now is 63.44 and Dayhigh is 63.6675
India’s Export data that came out at 7.3% against previous -5.0% didn’t help Rupee to recover.
The increase in Imports (26.8% against previous 3.6%) showed the picture of Export-Import gap which affected INR adversely.
Evenif its difficult to say a resistance figure exactly on pre-FOMC meeting day, I think 63.7850 is a good resistance, if the present Dayhigh of 63.6675 is broken.

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Wayanad.co.in Admin
5 years ago

Hi all,
The pair USD/INR broke the resistance of 63.7850 and touched 63.8025 (Dayhigh)
Daylow was 63.44
Closing LTP was 63.7650
Market seems to be a bit cautious with all eyes on FOMC meeting.

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