Forex, Currency update

The USDINR pair is expected to open higher tracking decline in global shares on Friday. Local shares are expected to stay weak. The NIKKEI is currently down 2.75% and the Hang Seng is down 0.75%. The EURINR is expected to stay sideways to lower and decline is expected to be limited on firm moves in the USDINR.

USDINR July: Support 47.00, 46.92 Res 47.16, 47.31