ICICI Direct's currency report on USDINR
Spot Currency
The rupee witnessed a further recovery and managed to gain almost 29 paise in the last session to close near 74.72 levels against the US dollar • The dollar rose from an eight-week low against major currencies on Monday, with investors consolidating positions ahead of the Federal Reserve's monetary policy meeting this week.
Currency futures on NSE
US$INR Apr futures contract (NSE) | View: Bullish on US$INR |
Buy US$INR in the range of 74.60-74.64 | Market Lot: US$1000 |
Target: 75.00/ 75.20 | Stop Loss: 74.40 |
Support: 74.60/74.40 | Resistance: 75.00/75.30 |