Thursday, 31 May 2018

Good Morning !

• Euro bounced back from its 10 month low, after the fresh positive comments from the prime minister designate Carlo Cottarelli.

• Two year Italian bond yields had recovered almost 1% to 1.75% from 2.75% yesterday.

• The dollar Index slipped after a sharp bounce back in Euro and GBP, but trading above 94 mark.

• Tracking the global cues Asian equities were seen trading in green this morning.

• Indian Rupee is likely to open near 67.43 a dollar and is expected to trade between 67.25-67.65 with slight dips initially followed by mild pullbacks.

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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.