USDINR
On Thursday, The domestic unit (Rupee) is very much likely to commence with weaker note between 82.60 – 82.70 levels despite RBI hiked 25 bps interest rates as expected, but ducked market expectations for a potential pause to its current rate hike cycle.
USDINR TECHNICAL
Day Trend: - UPSIDE SELL
Weekly Trend: - WAIT FOR SELLING CONFIRMATION
INTRADAY RANGE – 82.96 (82.70 – 82.45) 82.19
THE DOLLAR
The greenback's outlook, however, remained tilted to the downside as the Fed nears the end of its tightening cycle and the markets price in rate cuts by the end of the year.
THE OIL
Oil rose for a third straight day as investors felt more comfortable with risk a day after the Federal Reserve chair's remarks eased concerns about future interest rate hikes.
THE GOLD
Gold prices fell slightly as traders weighed hawkish signals on monetary policy from the Federal Reserve, while copper prices retreated further amid growing uncertainty over a potential global recession.
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