USDINR: USDINR closed flat for the third consecutive session in a moderate volatile session with intraday volatility of 22 paisa from high to low. The pair opened lower, but inched upward after dropping in morning during the session, closed near the session avg at closing, currently quoting flat at 82.28 (in OTC). Technically, the pair remained in upward bias, with further upside likely capped around 82.57 and support around 82.23-17 zone, unless this is break, we expect the market to bounce from support at lower levels. Intraday, the pair may find support around 82.23 and resistance around 82.37-51. RSI is above 70. Globally, the dollar index remained muted, closed flat on Wednesday and opened positive on early Thursday, oil slipped below $90. Meanwhile Asian currencies opened mixed in the early morning. On an immediate basis 82.23 remained in support and 82.33/37 resistance for the pair. All Spot Levels.
