• USD/INR is currently trading around 64.33 marks.
   
• It made intraday high at 64.40 and low at 64.28 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 64.61 marks.  


• Key resistances are seen at 64.61, 64.74, 64.82, 64.92, 65.08, 65.15, 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
   
• On the other side, initial supports are seen at 64.19, 63.94, 63.65, 63.47 and 63.36 marks respectively.
   
• In addition, India’s NSE Nifty was trading around 0.16 percent lower at 9,404.55 points and BSE Sensex was trading at 0.26 percent lower at 30,173.03 points.


• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• India will release manufacturing output, industrial output as well as WPI inflation data at 1130 GMT.
  
  We prefer to go short on USD/INR around 64.35, stop loss 64.49 and target of 64.19/64.11.