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- USD/INR is currently trading around 65.01 marks.
- It made intraday high at 65.08 and low at 64.95 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 65.03 marks.
- Key resistances are seen at 65.03, 65.19, 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 64.92, 64.85, 64.72, 64.58 and 64.34 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.32 percent lower at 9,235.22 points and BSE Sensex was trading at 0.25 percent lower at 29,899.71 points.
- RBI will release monetary policy at 0900 GMT.
We prefer to go long on USD/INR around 64.98, stop loss 64.72 and target of 65.19/65.52.
