Forex (USD/INR) : 22.08.2016
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The rupee fell to an over three-week low against the dollar, as some federal reserve officials hinted at early rate hike hurting risk assets as well as bullion
The dollar index against six major currencies ended at 94.51, up 0.38% from the previous close of 94.16
Markets opened for the week on a negative note, heading into the Jackson Hole symposium where
expectations for rate hike signaling remain high. Dollar turned positive against most
of the majors late into Friday’s trading and with no major data scheduled for release today, we
can expect continued strength in the green back. Rupee is set to open on a negative note amidst dollar
strength and equity markets’ weakness. We expect the trend to continue for the day.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The rupee fell to an over three-week low against the dollar, as some federal reserve officials hinted at early rate hike hurting risk assets as well as bullion
The dollar index against six major currencies ended at 94.51, up 0.38% from the previous close of 94.16
Markets opened for the week on a negative note, heading into the Jackson Hole symposium where
expectations for rate hike signaling remain high. Dollar turned positive against most
of the majors late into Friday’s trading and with no major data scheduled for release today, we
can expect continued strength in the green back. Rupee is set to open on a negative note amidst dollar
strength and equity markets’ weakness. We expect the trend to continue for the day.