Fundamental Aspect:-
INDIA ECON AFFAIRS SECY: LIQUIDITY HAS BECOME COMFORTABLE.
Government Bond Yields fall on safe haven demand fear of recession.
India Forex reserves stood at $405.64 Vs $402.04 billion in the reporting week.
FII inflow calm from previous weeks.
Economic data subdued indicating slowdown in economy.
Technical Aspect:-
Technically market is in oversold trajectory, short term Moving averages indicates buying in pair (USDINR).
SUPPORT - 68.72 - 68.42 - 68.20
RESISTANCE - 69.33 - 69.58 - 69.72
WEEKLY PROJECTION – 69.70 (69.42 – 68.42) 68.20
USDINR TREND - CHANGING
Events effect rupee this week:-
U.S. Q4 GDP – FINAL ESTIMATE (Thursday)
USA INFLATION DATA – (Friday)
FED Speakers this week
USA – CHINA TRADE TALK
BREXIT UNCERTAINTY
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