Tuesday, 27 March 2018

Good morning

Asian markets rallied on Tuesday morning taking cues from US markets which closed stronger more than three percent as trade tensions between the US and China appeared to ease

The dollar index traded at 88.68 against a basket of currencies as Euro rose to its strongest levels in five weeks while dollar rebounded against Yen on back of a strong recovery in US stocks

Dollar-rupee is expected to open lower near 64.75 against the closing of 64.86 yesterday, with equities bounce back likely to continue expects the pair face resistance at higher levels for the day with today’s range 64.60-64.90

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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.