Indian rupee ended marginally higher against dollar on Friday due to sustained selling of the US currency by exporters and banks. Traders took some support with report that India and Japan have signed 15 key agreements including open sky agreement, after the historic launch of India's first bullet train project between Ahmedabad and Mumbai, to further expand the horizon of their bilateral relationship. However, the dollar rose to a position of strength overseas along with lackluster trade in the domestic equity market, restricted the further move. On the global front, dollar inched higher against yen on Friday, regaining its footing after taking a hit when North Korea fired a missile over Japan into the Pacific Ocean.
USDINR
Support at 64.00 and Resistance at 64.25
Trading in range either side breakout with volumes will decide further.
Trade with levels only.
GBPINR
Hurdle at 87.35, Break and sustain above 87.35 will take it to 87.80—88.00++ mark else could touch its support level of 86.80 mark.
Fresh selling can be initiated below 86.80
EURINR
Support at 76.40 and Resistance at 76.80
Break and sustain above 76.80 will take to 77.10—77.30++ mark else could touch its support level of 76.40.
Fresh selling can be initiated below 76.40
JPYINR
Support at 57.65 and Resistance at 58.00
Break and sustain below 57.65, will take it to 57.20—57.00 mark else could touch its resistance level of 58.00
Fresh buying can be initiated above 58.00
Trade with levels only.
More will update soon!!
