Rupee - Sep 15, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

The Indian Rupee appreciated against the dollar tracking the broad weakness of the dollar and firm equity markets.

The Rupee ended at 73.49 compared with 73.68 in the previous session.

However, investors were cautious ahead of retail sales and jobless claims data on Thursday, along with the Fed meeting next week.

Technically, the USDINR Spot pair ended marginally below 73.50 level could see a Bearish momentum up to 73.38-73.25 levels. Resistance is at 73.55-73.70 levels.

The USDINR Spot pair could trade in a range of 73.30-73.80 levels in the coming session.

On the international front, both the dollar and the benchmark bond yields eased this Wednesday afternoon trade.

Technically, the Dollar Index Dollar Index could see sideways to marginal downside momentum where it holds a support at $92.36-$92.20 levels. Resistance is at $92.80-$93.00 levels.

Source : Equity Bulls

Keywords