Current rates of key Asian currencies versus US dollar in Asian trade:
Asian Present Previous Chg %
Korean 1165.3500 1166.5000 0.100
Philippine 44.9470 45.0200 0.160
Indonesian 8942.5000 8935.0000 (-)0.080
Malaysian 3.1540 3.1560 0.060
Chinese 6.7692 6.7783 0.130
The rupee is firm against US dollar because of the rise in other Asian currencies. For Intraday, we expect movement in the rupee to be range bound, like yesterday ahead of US non-farm payrolls data for July, due later today.
USDINR Spot-cmp:46.03 Resistance: 46.13 and Support 45.90
USD/INR Spot touches over 6-week low of 46.03 as local shares trade in positive territory along with Asian peers.
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