Rupee has support at 45.36/ USD: Alpari

Alpari has come out with a report on USD/INR Daily Report.

Rupee has support at 45.36/ USD:

Commentary:

• On Friday Rupee ended on a strong note after hitting more than 1 weeks low.
• Crude Oil Prices turned negative after the rally on Friday as top exporter Saudi Arabia said they will make up for any shortages of oil supplies from Libya.
• Euro on Friday traded near its 2011 high against the dollar, helped by the concern showed from the euro zone policy makers for inflation.
• The dollar index, which tracks its performance against a basket of major currencies, at the end of the trade, was down by 0.2 percent at 77.17
• Indian Stock markets, after losing continues for three days gained 0.4 percent on Friday and closed on strong note.
• The dollar has weakened against most of the currencies; Euro was the major currency to gain against dollar.

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