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USDINR Pair opened lower with a marginal gap but seen good traction during the initial hour of trade. Subsequently, it traded within a narrow range throughout the session and eventually ended inside the negative territory with a loss of 0.15 percent. The pair traded throughout the session inside its previous day’s candle. For the day, 67.23 / 67.28 zone w ill be an immediate resistance. On the o ther side, 67.05 / 66.97 will be a decent support.
GBPINR
GBPINR with a lower gap and gradually corrected during the first half. Post the ECB rate, pair nosedived sharply to end the session near the lowest point of the day and engulfed previous two days candle gains. Going forward, 88.35 will act as an immediate support below which the next support seen around 88. On the other side, immediate resistance is coming around 88.83.
EURINR Pair opened lower with a significant gap and remained under pressure throughout the session to end the session near the lowest point of the day. Yesterday’s candle indicates bearish engulfing pattern which is a bearish sign for near term.