- 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.


GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD range bound ahead of RBA policy decision
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision 



