Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 92.50-95.25 1.1250-1.2100 1.2800-1.3700 150.00-162.50 0.7400-0.8300
Sentiment against USD Negative Positive Positive Negative Negative
Forecast for the day 91.95-92.95 1.1625-1.1775 1.3350-1.3475 157.85-158.85 0.7865-0.7930

The rupee has opened higher today at 92.62 levels, after US-Israel and Iran had agreed for a two-week ceasefire paving the way for more time for a negotiated settlement. After the announcement, crude oil prices crashed more than 15 to trade below $100/bbl. Equity market benchmarks are up sharply by about 3.5 in early trades.

RBI is likely to announce its monetary policy decision today.

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