IMV FOREX UPDATE
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*➑ Union Cabinet Press conference LIVE: Diwali bonanza for farmers as govt hikes MSP for rabi crops

In a major announcement for farmers ahead of Diwali, the government on Wednesday hiked the minimum support price (MSP) of rabi or winter crops. The MSP rise has been announced by the Union Cabinet meeting chaired by Prime Minister Narendra Modi for the year 2019-20. The hike is based on the recommendations laid down by the Commission for Agricultural Costs and Prices (CACP).
Sources told PTI that the CCEA has approved Rs 85 per quintal hike in wheat MSP to Rs 1,925 per quintal for the 2019-20 rabi crop, up from Rs 1,840 per quintal last year. Barley MSP has also been increased by Rs 85 to Rs 1,525 per quintal for the current year from Rs 1,440 per quintal last year.

Source : Financial Express
Impact : Positive for Rabi Crops such as Wheat, Barley, Mustard,etc. ⬆⬆
πŸ”” Currency Opening BellπŸ””

USDINR.... Open on Flat note Cmp 70.81

Support is 70.70 Resistance is 71.10

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency …Open --- CMP

EURUSD – 1.1126--1.1140

GBPUSD - 1.2910---1.2922

USDJPY – 108.2800--108.3400
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β˜‘β˜‘ Currency Update:

EURINR looks weak on the chart... πŸ“‰πŸ“‰

It has its support ag 78.70 and resistance is seen at 79.20.

Break and close below 78.70 will see a downside panic till 78.20---77.70 levels or else it can climb up to touch its resistance level of 79.20 again.

Fresh buying can be done only on a close above 79.20.

Trade with levels only.
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πŸ”” Currency Opening BellπŸ””

USDINR.... Open on Positive Cmp 71.08

Support is 70.80 Resistance is 71.10

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency …Open --- CMP

EURUSD – 1.1108--1.1126

GBPUSD - 1.2865---1.2865

USDJPY – 108.8600--108.7300
For details call us now on +91-9718512222



Team Indian Market View
The Federal Reserve cut interest rates by 25 basis points Wednesday, in what was a widely expected decision, amid persistent concerns over a slowdown in the global economy and trade tensions.

Data is neutral for currency

Source: Net Dania
πŸ”” Currency Opening BellπŸ””

USDINR.... Open on Negative note Cmp 70.92

Support is 70.80 Resistance is 71.30

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency …Open --- CMP

EURUSD – 1.1190--1.1190

GBPUSD - 1.2924---1.2932

USDJPY – 108.8600--108.7300
Today's ( 31st Oct 2019) Currency Update

Just Updated Levels of all Currency on our website Kindly click on the belowπŸ‘‡ link and read full Update.

http://www.indianmarketview.com/2019/10/Currency-Levels-
πŸ”” Currency Opening BellπŸ””

USDINR.... Open on Flat note Cmp 71.11

Support is 70.80 Resistance is 71.30

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency …Open --- CMP

EURUSD – 1.1185--1.1186

GBPUSD - 1.2963---1.2963

USDJPY – 108.6000--108.0400
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