Rupee opened tad higher, Euro lower vs. Dollar The Indian rupee opened the day tad higher at 63.37/38 levels compared to its previous close at 63.41/42 levels and moves up to 63.35/36 levels in early deals as dollar index off 0.1%, after touching 9-year peak yesterday. Asian currencies are trading mixed against dollar. Equity markets have opened sharply lower tracking weakness in global markets. Globally equity markets have declined on sustained fall in global crude prices and concerns over political uncertainty in Greece. As per the technical indicators range for the USDINR pair may be 63.15-63.60 levels. Rupee has an immediate support at 63.49 levels. A breach of the same may see rupee at 63.58 followed by 63.65 levels. On the positive side rupee is likely to face resistance at 63.31 levels and if it is able to break the same then it may gain up to 63.21 followed by 63.1250 levels.
Posted on: Tue, 06 Jan 2015 04:22:09 +0000
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