ICICI Direct's currency report on USDINR
Spot Currency
The rupee managed to gain another 30 paisa and ended near 74.35 levels as positive inflows continued in domestic equities • As widely expected, the Fed has kept interest rates unchanged and reaffirmed its commitment to using the full range of tools to continue to support the economy. The Dollar index continued to remain below 91 levels.
Currency futures on NSE
US$INR May futures contract (NSE) | View: Bearish on US$INR |
Sell US$INR in the range of 74.75-74.79 | Market Lot: US$1000 |
Target: 74.60/ 74.50 | Stop Loss: 74.89 |
Support: 74.60/74.40 | Resistance: 74.95/75.10 |