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Marginally Firmer Start, Docket Empty Remainder Of Week

INR

The Rupee has opened marginally firmer after being closed for the observance of a national holiday on Tuesday.

  • In early trade on Wednesday we sit at 83.08/09 ~0.1% below Monday's closing levels.
  • Technically the pair remains in an uptrend, bulls target the high from 20 October 2022 (83.2975). Bears immediate focus is the 83 handle, a break of the handle opens low from 22 Sep (82.8325).
  • A reminder that the data docket is empty this week. Looking ahead the next release of note is on 31 Oct which is Sep Fiscal Deficit and Eight Infrastructure Industry Survey.

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