- USD/INR is currently trading around 66.82 marks.
- It made intraday high at 66.85 and low at 66.78 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 66.89, 67.01, 67.17, 67.31, 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 66.64, 66.52, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.28 percent lower at 8,874.70 points and BSE Sensex was trading at 0.24 percent higher at 28,768 points.
- India’s February Nikkei markit services PMI increase to 50.3 vs previous 48.7.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
