Now, it has to hold above 14,750 to witness an upmove towards 15,000 -15,050 while on the downside support exists at 14,700 and 14,600 zones,” said Chandan Taparia of Motilal Oswal.
A break below 73.50 will push the spot to 73.25-73.00, while a reversal may push USDINR spot towards the crucial resistance of 74.25,” said Rahul Gupta, Head Of Research- Currency at Emkay Global Financial Services.
Global bourses were largely positive as easing restrictions on movement in the US & Europe along with the expectation of better US job data signalled a faster economic rebound in the western markets.
“The markets have held 14,700 smartly! We need to see if these levels can hold on Monday; if it can, we should be headed to 15,200.
“Rupee traded positive again as the market keeps cheering the RBI statements and financial aid which it provided, along with weakness in the dollar index which helps the rupee strengthen even strongly.
“The market witnessed extension in the trend that started yesterday after breaching the important level of 14,700.The rally MIGHT continue till the level of 14,900.
Ace investor Dolly Khanna had shares of 10 companies in her portfolio in the quarter ended March 2021, of which three were new additions.
Despite weak industry growth, increase business with existing customers owing to supplier consolidation and shifting the production to India as primary hub for export is adding value to the company.