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USD/INR
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EUR/USD |
GBP/USD |
USD/JPY |
USD/CHF
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Support-Resistance Levels
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45.30-45.80
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1.3400-1.3850
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1.5135-1.5440
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88.20-92.50
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1.0500-1.0900
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Sentiment against USD
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Negative
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Neutral
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Negative
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Negative
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Neutral
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Forecast for the day
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45.30-45.55
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1.3540-1.3710
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1.4865-1.5090
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89.65-90.70
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1.0665-1.0785
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- Rupee opened 10 paisa lower at 45.44, after hitting its highest in nearly two months in last session, boosted by stronger regional peers and expectations of robust dollar inflows. FIIs were seen buying shares worth $388 mn in the domestic equity markets on Tuesday.
- Dollar traded in tight range against Euro, but yen was noticeably weaker. On the data front, German trade surplus narrowed to EUR 8b in January. February CPI was revised up to 0.4% mom, 0.6% yoy.
- Sterling weakened broadly on poor production data from UK. Industrial production dropped -0.4% mom, -1.5% yoy in January while manufacturing production dropped -0.9% mom and rose 0.2% yoy. Investors remain concerned with the momentum of recovery, fiscal deficit as well as political uncertainty in UK. BoE MPC member Adam Posen said that he hoped the bank is done with quantitative easing, but the comment offered little support to Sterling.
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