USDINR: USDINR closed negative in a volatile session with intraday volatility of 33 paisa from high to low. The pair opened negative, extended the losses and recovered later in second half of the session, remained volatile during the session, and closed near the session avg at closing, currently quoting higher at 81.67 (in OTC). Technically, the pair as expected showed correction but getting support exactly around 81.37-33 zone, unless this is break, we expect the market to trade with an upward trend. Intraday, the pair may find support around 81.55-47 and resistance around 81.73-77. RSI is near 70. Globally, the dollar index remained stable, closed positive on Wednesday and opened flat on early Thursday, oil remained positive above $87. Meanwhile Asian currencies opened positive in the early morning. On an immediate basis 81.57 remained in support and 81.69/71 resistance for the pair. All Spot Levels.
(Delayed Update)
