Rupee opens at 66.85 per dollar; gains 10 paise 02.09.2016 09.02Am
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BANKNIFTY Fut : SELL ZONE
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Given this background and the fact that non-farm payroll number is expected, the USD-INR pair may trade within the 66.85-67.05/dollar range,
The Indian rupee opened higher by 10 paise at 66.85 per dollar on Friday versus previous close 66.95.
"In the recent days, we have seen healthy chunky inflows.
Excess supplies in the market has been absorbed by the central bank, thus preventing rupee from too much appreciation."
"Given this background and the fact that non-farm payroll number is expected, the USD-INR pair may trade within the 66.85-67.05/dollar range,"
The dollar was on the back foot after taking a tumble following a surprise contraction in US manufacturing in August, casting some doubts on the strength of US economic growth ahead of the closely-watched employment data due later in the day.
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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Given this background and the fact that non-farm payroll number is expected, the USD-INR pair may trade within the 66.85-67.05/dollar range,
The Indian rupee opened higher by 10 paise at 66.85 per dollar on Friday versus previous close 66.95.
"In the recent days, we have seen healthy chunky inflows.
Excess supplies in the market has been absorbed by the central bank, thus preventing rupee from too much appreciation."
"Given this background and the fact that non-farm payroll number is expected, the USD-INR pair may trade within the 66.85-67.05/dollar range,"
The dollar was on the back foot after taking a tumble following a surprise contraction in US manufacturing in August, casting some doubts on the strength of US economic growth ahead of the closely-watched employment data due later in the day.