Expect USD-INR to open at 67.82/USD levels:16.11.2016
The liquidity in the system is expected to improve and rates are expected to fall further in anticipation of a RBI rate cut in December, Lakshmi Vilas Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
"The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable. The USD-INR pair is expected to open at 67.82/USD levels and trade between 67.60-67.85/USD range today." He further said, "The WPI and CPI numbers released yesterday indicate inflation is following the trajectory set by RBI. The liquidity in the system is expected to improve and rates are expected to fall further in anticipation of a RBI rate cut in December. The 10-year benchmark bond yield is expected to trade within a narrow range of 6.50-6.55 percent today."
The liquidity in the system is expected to improve and rates are expected to fall further in anticipation of a RBI rate cut in December, Lakshmi Vilas Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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"The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable. The USD-INR pair is expected to open at 67.82/USD levels and trade between 67.60-67.85/USD range today." He further said, "The WPI and CPI numbers released yesterday indicate inflation is following the trajectory set by RBI. The liquidity in the system is expected to improve and rates are expected to fall further in anticipation of a RBI rate cut in December. The 10-year benchmark bond yield is expected to trade within a narrow range of 6.50-6.55 percent today."