Globally, ECB’s member Lane commented that EUR/USD levels do impact monetary policy of Euro-zone. This lead to sharp retracement in Euro to 1.19 handle from key resistance (on monthly chart) of 1.2011 levels. US’s ISM manufacturing PMI released at 56 levels against previous reading of 54.6.
On domestic front, 10
year bond yield is trading close to key support near 5.92-95% levels. RBI has
clarified that additional HTM category bonds are only for fresh G-sec issuance
i.e. RBI is keen to manage government borrowing plan without disrupting the
market. USDINR could held to its overnight gains and now trading below 73
handle. USDINR remains a sell on uptick candidate with resistance at 73.25
levels and support at 72.75 levels.
No comments:
Post a Comment