Wednesday, 14 February 2018

Good Morning!

U.S equities edged up overnight for a third straight session with all the three major indices closing in the green.
Investors remain on edge ahead of U.S inflation report that could soothe, or inflame fears of faster rate hikes globally.
Asian equities turned mixed in early morning session as investors remain cautious ahead of U.S inflation data.
Dollar-Rupee is expected to open with a bearish bias close to 64.20 against the previous close of 64.31, the currency pair is expected to trade in a range of 64.17-64.37 for the day

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Volume and Open Interest suggesting an accumulation in USDINR

USDINR futures prices were seen consolidating while  volumes  and OI were seen increasing suggesting accumulation.