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- USD/INR is currently trading around 64.87 marks.
- It made intraday high at 64.90 and low at 64.71 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 65.13 marks.
- Key resistances are seen at 65.00, 65.13, 65.22, 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 64.72, 64.58 and 64.34 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.55 percent higher at 9,224.20 points and BSE Sensex was trading at 0.74 percent higher at 29,840.56 points.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
