USDINR
Welcome to new depreciated scenario, USDINR hitting every day new historical high. On Wednesday The Rupee most likely to commence between 78.95 – 79.05 levels as dollar pared back from earlier loss, with investors mulling the outlook for central bank policy actions in response to soaring inflation.
On Tuesday, The Indian rupee hit record lows against the U.S. currency after higher oil prices raised concerns of sustained inflation, although intermittent dollar selling by the central bank helped limit losses.
Reliance Industries Chairman Mukesh Ambani has stepped down as director of Reliance Jio Infocomm Ltd, the conglomerate's telecom arm said on Tuesday.
On Tuesday, Indian shares recouped early losses to close higher as oil explorer ONGC and aluminium producer Hindalco rose on a rebound in commodity prices after China relaxed some COVID-19 curbs.
Despite the benchmark indexes' multiple-ession winning run, they are on course for their worst month since the pandemic-hit March of 2020 due to hefty losses earlier in June on inflation and interest rate worries.
USDINR TECHNICAL
Day Trend: - BUY ON DIP (Short Term)
Weekly Trend: - HOLD
INTRADAY RANGE – 79.40 (79.06 – 78.71) 78.37
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