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Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com | Sell USDINR; target of: 74.50

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ICICI Direct, The rupee continued to understand on the again of optimistic home equities and no main rise in oil costs The greenback on Tuesday posted average good points.

ICICI Direct’s foreign money report on USDINR

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The rupee continued to understand on the again of optimistic home equities and no main rise in oil costs The greenback on Tuesday posted average good points. A bigger-than-expected improve in US June client costs pushed T-note yields larger and supported good points within the greenback. Additionally, weak point in US inventory indices on Tuesday spurred some liquidity

Foreign money futures on NSE

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The US$INR pair is struggling at larger ranges. Attributable to no main transfer within the Greenback index and powerful home equities, we really feel a transfer in the direction of 74.4 is anticipated The dollar-rupee July contract on the NSE was at | 74.61 within the final session. The open curiosity fell 6% for the July collection

Intra-day technique

$INR JULY FUTURES CONTRACT (NSE) VIEW: BEARISH ON US$INR
Promote US$INR within the vary of 74.60-74.64 Market Lot: US$1000
Goal: 74.50/ 74.40 Cease Loss: 74.75
Assist: 74.30/74.50 Resistance: 75.00/75.30

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