USDINR WEDNESDAY OUTLOOK:- RUPEE FIRM BUT NEAR RESISTANCE!!
- fxmethods
- Aug 25, 2021
- 1 min read
USDINR
On Wednesday, USDINR trading near support level (74.00). The domestic unit likely to commence session between 74.10 – 74.20 as greenback traded near a one-week low versus major peers as concerns eased that the highly contagious Delta coronavirus variant could derail a global economic recovery, lifting commodity-linked currencies like the Aussie.
India plans to monetise $81 billion worth of state assets over the next four years under a program announced earlier in 2021/2022 budget to boost infrastructure spending and spur economic growth in Asia's third-biggest economy.
Day Trend: - BUY ON DIP (TILL HOLD 74.00).
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