- USD/INR is currently trading at 66.50 marks.
- It made intraday high at 66.53 and low at 66.38 levels.
- Intraday bias remains bullish for the moment.
- A daily close below 66.07 will drag the parity down towards 66.02, 65.96 and 65.67 levels thereafter.
- Alternatively, reversal from 66.07 will take the parity up around key resistances at 66.52/66.86/67.18 levels respectively.
- Yesterday RBI cut interest rate by 0.25bp to 6.5% from 6.75%. In addition RBI left CRR ratio unchanged at 4.00% but increased the reverse repo rate to 6.00 % from 5.75%.
We prefer to take long position in USD/INR around 66.50, stop loss 66.32 and target 66.86 levels.


FxWirePro- Woodies Pivot(Major)
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD edges up, remains on front foot
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows 



