Monday, November 28, 2016

Expect USD-INR to be under pressure:29.11.2016

Expect USD-INR to be under pressure:29.11.2016
The bonds to trade sideways ahead of the upcoming policy, HDFC Bank.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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"The rupee slide has been halted by aggressive RBI selling. Expect the USD-INR to be under pressure and trade in the 68.50-69.50/USD range in the near term." "Indian bonds came off from their recent highs after the recent CRR hike by RBI. Expect the bonds to trade sideways ahead of the upcoming policy."

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