ENM: Dollar/rupee support is placed at 55.30: Bonanza
US Dollar fell to its lowest level against the Indian Rupee in a week and hit an intraday low of 55.4275 but ended the slightly above at 55.73. The dollar is still 0.7568 percent down against the previous day close of 56.155.
On the downside immediate support is placed at 55.30 below this pair may fall further and could test 55.00 levels. On the upside immediate resistance is placed at 56.01 above this pair may gain strength again.
EURINR opened almost flat but slipped to test an intraday low of 68.74 but recovered all the losses and closed unchanged at 69.22. On the downside immediate support is at 68.70.
