USDINR
Market very nervous on Russia Ukraine crisis, The Zaporizhzhia nuclear power plant in Ukraine, the largest of its kind in Europe, was on fire early on Friday after an attack by Russian troops. USDINR is most likely to commence the Friday session on a firm note between 75.90 – 76.00 levels as dollar and oil prices go north.
The euro extended recent declines and hit its lowest since 2016 against sterling as investors worried about the impact of rising oil prices after Russia's invasion of Ukraine.
Powell repeated the comments during his second day of testimony before Congress. The dollar also was supported by weekly U.S. jobless claim data, which suggested the labour market was gaining steam, a day ahead of Friday's key February U.S. jobs report.
Day Trend: - BUY ON DIP
INTRADAY RANGE – 76.55 (76.16 – 75.77) 75.38
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