FxWirePro: Indian rupee trades marginally higher against major peers ahead of RBI’s rate decision
USD/INR is currently trading around 67.30 marks. It made intraday high at 67.36 and low at 67.27 marks. Intraday bias remains neutral for the moment. Key resistances are seen at 67.36, 67.45, 67.66, 67.87, 67.99, 68.15, …
It made intraday high at 67.36 and low at 67.27 marks.
Intraday bias remains neutral for the moment.
Key resistances are seen at 67.36, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
On the other side, initial supports are seen at 67.17, 67.07, 66.99, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
In addition, India’s NSE Nifty was trading around 0.02 percent higher at 8,769.70 points and BSE Sensex was trading at 0.02 percent lower at 28,329 points.
India will release repo rate as well as reverse repo rate today.
We prefer to take long position on USD/INR around 67.22, stop loss at 66.99 and target of 67.50/67.66.
