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FxWirePro: Indian rupee trades marginally higher against major peers ahead of RBI’s rate decision

  • USD/INR is currently trading around 67.30 marks.
     
  • It made intraday high at 67.36 and low at 67.27 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • Key resistances are seen at 67.36, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
     
  • On the other side, initial supports are seen at 67.17, 67.07, 66.99, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
     
  • In addition, India’s NSE Nifty was trading around 0.02 percent higher at 8,769.70 points and BSE Sensex was trading at 0.02 percent lower at 28,329 points.
     
  • India will release repo rate as well as reverse repo rate today.

    We prefer to take long position on USD/INR around 67.22, stop loss at 66.99 and target of 67.50/67.66.
  • Market Data
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