According to Kotak Securities support for USD/INR pair is expected around 61.50/55 and 61.20/25 and resistance 61.90/62.00 levels on spot and then 62.20/30 levels.
USD/INR
Yesterday US Dollar attempted to make move above 62.00 handle, thanks to some heavy lifting from state run banks but the offers from offshore specs and custodians were overwhelming. As a result, the pair could only manage a high of 61.91 and during the second half it dipped all the way down to 61.69 levels, where it closed for the day. With ECB all set to pull the trigger on a large scale quantitative easing offshore specs are loading up on Rupee. Globally risk assets have continued to march higher, even though economic prospects have dimmed, thanks to the ongoing distortionary liquidity infusion program from G7 central banks.
MARKET VIEW : Support is expected around 61.50/55 and 61.20/25 and resistance 61.90/62.00 levels on spot and then 62.20/30. A range of 61.20/30 and 62.20/30 is expected over the medium term.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
USDINR pair may trade in 61.20/30-62.20/30 range: Kotak Sec
Dengan url
http://sehatgayahidup.blogspot.com/2015/01/usdinr-pair-may-trade-in-612030-622030.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
USDINR pair may trade in 61.20/30-62.20/30 range: Kotak Sec
namun jangan lupa untuk meletakkan link
USDINR pair may trade in 61.20/30-62.20/30 range: Kotak Sec
sebagai sumbernya
0 komentar:
Posting Komentar