Rupee opens lower at 68.67 per dollar : 30.11.2016
USD-INR will trade in the range of 68.50-68.80/dollar.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian rupee opened marginally lower at 68.67 on Wednesday per dollar versus 68.65 Tuesday. Lakshmi Vilas Bank said, "The expectation is that the market will take cues from the equity market as well as the dollar index movement. Hence, it is expected that the USD-INR will trade in the range of 68.50-68.80/dollar." The dollar fell on Tuesday as the greenback consolidated its position against most major currencies following a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events including the Federal Reserve's December policy meeting.
USD-INR will trade in the range of 68.50-68.80/dollar.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian rupee opened marginally lower at 68.67 on Wednesday per dollar versus 68.65 Tuesday. Lakshmi Vilas Bank said, "The expectation is that the market will take cues from the equity market as well as the dollar index movement. Hence, it is expected that the USD-INR will trade in the range of 68.50-68.80/dollar." The dollar fell on Tuesday as the greenback consolidated its position against most major currencies following a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events including the Federal Reserve's December policy meeting.