USDINR September is trading marginally high today, trading at 71.6450, up 0.5850 or .85% amid exploding rally in crude prices.
Drown attack on Saudi’s two leading oil-producing facilities surges oil prices to the biggest intraday rally in the last 28 years.
India being an oil-importing country is largely affected by the jump in oil prices.
Upside Key Resistance is at 72.46, above which only prices will resume UP Trend.
Downside Key support is at 70.75.
USDINR Spot key support of 70.965 is taken out today, close below the same will trigger a fresh round of rally in the rupee. Upside, resistance lies at 71.90. 
US Dollar Index against the basket of six major currencies down to 97.792 amid “Risk off” sentiment in the market.
 
Story by Shelly Airan for tarunsatsangi.com